January 19, 2018

Transfer of the participations of the Greek State in the Public Enterprises to the Hellenic Corporation of Assets and Participations

Following the enactment of law 4512/2018, the Board of Directors of the Hellenic Corporation of Assets and Participations announces the official transfer of the participations of the Greek State to its portfolio.

It is a great honor for us to cooperate with the management and employees of the Public Enterprises in order to achieve our common goals, with commitment, accountability and efficiency, on the basis of common values and recognizing the importance of the Public Enterprises to support economic recovery, but also the need for better response to the challenges of a demanding economic environment, while improving the services provided to citizens and Greek businesses.

The purpose of the Hellenic Corporation of Assets and Participations is to collect under a single structure the assets of the Greek State, including participations in Public Enterprises of strategic importance, and to promote new standards, by exploiting the opportunities of current times, which will lead to the reform of their management framework, for the benefit of the public interest.

Our goals are set high and require collective effort. Transparency, meritocracy, responsibility, long-term strategic planning, extroversion and open communication are required in order to build relationships of trust. We will work to achieve our goals with a high sense of responsibility and full awareness of the great demands and challenges, which arose during the difficult period of the economic crisis.

At the end of this long journey, and when we will have gradually implemented the necessary reforms, we will have contributed to the success of the transformation of the most crucial sector of the Greek economy: the one of the Public Enterprises, that have a major impact on the economy and are of utmost importance so that the country can best exploit its comparative advantages and its national wealth.