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Greece to launch tender to sell water utility stake

Mon Jul 13, 2009 9:19am EDT

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ATHENS, July 13 (Reuters) - Greece has decided to launch a tender to sell a 23 percent stake in the country's second-largest water utility EYATH (TWSr.AT), the finance ministry said on Monday.

"The Privatisation Committee decided the sale to a strategic investor of 23.02 percent of its stake in EYATH... through an international tender," the finance ministry said in a statement.

The government owns 74 percent in EYATH, the water supply company in the northern Greek city of Thessaloniki. It has said it is looking for a strategic investor in EYATH as part of plans to raise 1 billion euros ($1.4 billion) from state asset sales this year to reduce public debt.

(Reporting by Harry Papachristou)



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