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Greece shortlists firms for former Olympic complex

Page last updated at 14:30 GMT, Thursday, April 19, 2012 - 19:30 EST

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Reuters:

Greece has shortlisted all three firms which submitted initial bids for management rights to the sprawling International Broadcasting Center in Athens under a major privatisation plan.

The country's privatisation agency said on Thursday that Greek real estate developers Lamda Development, Reds and Talima Ventures are now invited to submit binding financial bids for exclusive use of the IBC for 90 years, but gave no deadline.

Greece has been under heavy pressure to sell state assets and attract investment to help cut its debt and kick-start its economy which has seen its worst recession since World War Two.

Read the whole story: Reuters

Greece-World News

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