Greece’s privatisation agency HRADF has launched an international tender to sell a 5% stake in the incumbent telco OTE.
Reuters reports that the move is part of the country’s international bailout, which has raised around €4.7 billion from privatisations since 2010 and aims to bring in a further €3 billion by next year.
HRADF has set a deadline of March 15 for offers for the stake, which is equivalent to 24.5 million shares.
The sale is being undertaken in a single phase.
OTE is majority owned by Deutsche Telekom, which the Greek state holding a 10% stake in the company.