Greece is set to finalise its post-crisis bank privatisations by early October with the sale of its remaining stake in the National Bank of Greece (NBG), according to sources. The Hellenic Financial Stability Fund (HFSF), which still holds 18.4% of NBG, plans to sell 10-13% of this stake. The move signals a recovery for Greece’s banking sector, which had been heavily supported during the debt crisis.
Tag: sovereign wealth fund
Greece will establish its first sovereign wealth fund, seeded with €300 million, to manage and sell remaining state assets like property, ports, and utilities. Proceeds will be invested in green projects, infrastructure, and new technologies. Financial advisor BlackRock will help structure the fund.