ocp192_en

3. Programme implementationTiming ofPrivatization(Launch ofTender)Table 6. Privatisation PlanBindingoffers Project Comments(submission)I. State-owned enterprise/share sale & concessions2011 Q3 n/a OTE – exercise of put option 2 Sale of 10% of OTE share capital to Deutsche Telekom for a consideration of €392 mil.Hellenic Football PrognosticsExtension of the existing concession agreement for 10 more years for a consideration of €375Organization (OPAP) – extension ofmilQ4 n/aconcessionHellenic Football PrognosticsGranting of license for 35.000 VLTs for a consideration of €560 milQ4 n/aOrganization (OPAP) – VLTs licenseQ4 n/a Mobile Telephony Licenses Granting of mobile telephone licenses for a consideration of €317 milQ4 n/a 2 Airplanes Sale of 2 Airbus A340-300 for a consideration of €16 mil− SPA signed Q1 2013Q4 Q4/12 State Lotteries− Financial Closing Q4 2013− Total transaction value €770 mil., €190 mil. upfront payment− Financial Closing expected in Q4 2014 following EU and Greek regulators approvalsQ1 Q2/13 Public Gas (DESFA)2012− Total consideration €188 mil.− SPA signed Q2 2013Hellenic Football PrognosticsQ3 Q2/13− Financial Closing Q4 2013Organization (OPAP)− Total consideration €652 mil., €622 mil. upfront payment− Second phase of the tender2013 Q1 Q2/14 Horserace Betting License− Two prequalified parties are expected to submit binding offers by Q2 2014− Second phase of the tenderQ1 Q2/14 Thessaloniki Water (EYATH)− Two prequalified parties are expected to submit binding offers by Q2 2014− 3 tenders in progress for the privatization of six marinas− Second phase of the tendersQ1 Q2/14 Small ports and marinas− Seven to eight prequalified parties for each tender are expected to submit binding offersby Q2 2014− Second phase of the tenderQ1 Q3/14 Regional airports− Seven prequalified parties are expected to submit binding offers in early Q3 2014− Second phase of the tenderQ2 Q3/14 Train Operator (TRAINOSE)− Three prequalified parties are expected to submit binding offers in early Q3 2014Railway Maintenance Company− Second phase of the tenderQ2 Q3/14(ROSCO)− Three prequalified parties are expected to submit binding offers in early Q3 2014− The tender for the sale of shares was launched in February 2014Q1 Q3/14 Piraeus Port (OLP)− Prequalification of interested parties in Q2 20142014− Binding offers expected in Q3 2014Q2 Q1/15 Thessaloniki Port (OLTH) − Launch of tender is expected in April 2014− Agree on the sale process with the strategic partner in AIA, PSP Investments (Q2 2014)Q2 Q1/15 Athens Airport (AIA)− Launch of tender in Q2 2014− Process led by Ministry of Energy and PPCQ2 Q4/14 IPTO (PPC transmission network)− Launch of tender in Q2 2014Q2 Q4/14 2 Airplanes Airbus A340-300 Launch of tender is expected in Q2 2014− Entire process led by Ministry of Development & EETT.Q2 Q1/15 Digital Dividend− Conclusion of the tender for the TV network providers (November 2014)Q2 Q2/15 Egnatia Motorway Launch of tender is expected in Q2 2014Q3 Q2/15 Large regional ports - Lavrio Launch of tender for a mega yacht marinaLaunch of tender dependent on the decision by the Council of State regarding the legality ofn/a n/a Athens Water (EYDAP)the transfer of shares to HRADFn/a n/a Hellenic Petroleum (HELPE) Currently assessing privatisation optionsn/a n/a South Kavala Gas Storage Assessment on the viability of the project (Q2 2014), and if viable, launch of tendern/a n/a Hellenic Post (ELTA)− Appoint external experts to advise on a restructuring plan (June 2014)− Depending on their advice, launch of sale processII. Real Estate− Final offer submitted in March 2014 for a total transaction value of €915 mil.2011 Q4 Q1/14 Hellenikon− Announcement of preferred bidder (March 2014).− Launch of ESCHADA by Q2 2014.− Launch of tender (March 2013)Q1 Q1/13 Cassiopi− Preferred bidder announced (October 2013)2012− Financial closing depending on the approvals, total consideration of €23 mil.− Launch of tender (May 2013)Q4/12 Q1/13 Buildings abroad− Preferred bidder announced (October 2013)− Financial closing depending on the approvals, total consideration of €41 mil.− Launch of tender (March 2013)Q1 Q2/13 Sale and leaseback of 28 buildings − Preferred bidders announced (November 2013), offered consideration of €260 mil.2013− Financial closing is expected in April 2014− Launch of tender (April 2013)Q1 Q4/13 Astir Vouliagmenis− Preferred bidder announced (December 2013), offered consideration of €400 mil. (€96mil. HRADFs’ stake)− Financial closing depending on the approvals− Launch of tender (February 2013)Q1 Q2/13 Paliouri− Preferred bidder announced (July 2013)− Financial closing depending on the approvals, total consideration of €14 mil.− Launch of tender (March 2013)Q1 Q4/13 Agios Ioannis− Preferred bidder announced (October 2013)− Financial closing depending on the approvals, total consideration of €10 mil.Q1 Q2/14 Afantou − The tender has been re-launched for the third timen/a n/a Real Estaten/a n/a Real Estate MonetisationSource: HRADF update on projects under development.− At least 1,000 real estate properties in total to be transferred to HRADF (June 2014).− The first 900 real estate assets have been transferred to HRADF by December 2013.− Delivery of a report on the possible options and a 12-month action plan (June 2014)− Launch of the first tranche (November 2014)29