Thessaloniki, 24th of January 2018
On 15th January, the Greek parliament voted a law to pass the 3rd evaluation of the Troika. Among others, the law includes the transfer of water companies (51%) straight to the Superfund. When the Superfund was created, the idea was that all public companies would be transferred to a holding company which would be a subsidiary of the Superfund. In fact, the new scenario is worse than the previous one.
Just a day after the vote in parliament, TAIPED (HRADF) announced the update of its privatization projects, among them 24% of EYATH (water company of Thessaloniki) and 11% of EYDAP (water company of Athens). Since the 3rd memorandum, they had been talking about selling 23% of EYATH; which now has become 24%, leaving the public with only 50% + one shares.
In September 2016, the Union of EYATH workers sued the Supreme Court for the creation of the Superfund and the transfer of EYATH to it. This case will be judged by the end of February. Now we are researching whether the 2016 action to sue is consistent with the transfer that will take place on 15th January or whether we need a new one!