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Greece Will Sell Stakes In State Companies

The Finance Ministry stated on Thursday that Greece will sell stakes in state run companies this year in the 2011 budget,  as reported by AFP.
The assets the debt laden state may sell is a 49% share in one of the country’s top casinos.  Unspecified stakes in public-owned defense, train and mining companies will also be up for sale the Finance Ministry said.
It added that a concession for the operation of Athens International Airport will also be extended next year.
“The Greek state will subsequently seek strategic investors to buy unspecified parts in its 99.81% stake in Hellenic Defense Systems SA, rail operator Trainose that is wholly state-owned, and Larko mining company where the state has a 55.19% stake.”
The Ministry also announced plans to privatize gas operator DEPA where the state has a 65% stake, the news agency said.  Four Airbus A340 jets are also up for sale.

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