A report by PWC states that revenue from privatizations in Greece over the past six years are far less than the initial $53.89 billion predicted in 2011.
Privatization revenue from 2011 to 2016 amounted to only $3.66 billion. In 2011, creditor representatives stated that the amount would be
$53.89
billion.
Last year’s highlights were a contract to transfer 51 percent ownership of the Piraeus Port Authority (OLP) to Chinese multinational Cosco for $302.9 million and another deal in which the National Bank of Greece and the privatization fund sold their shares to Apollo Investments for $423.63 million.
