Mixed Prospects For The Infrastructure Privatisation Programme

BMI View: Over the next five years Greece hopes to privatise EUR50bn worth of state assets, the majority from its infrastructure estate. This is an integral part of the Greek mid-term IMF- and EU- sponsored bailout plan and, as such, in spite of strong popular opposition to the upcoming privatisations, we anticipate that the assets will go to the market. While the government will -however unwillingly and half-heartedly - put major infrastructure assets up for sale, it remains to be seen how much investor interest they will generate; especially at a time when the European secondary infrastructure market is a 'buyers' market, with a significant number of infrastructure assets up for sale.

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