The Assets Greece Needs To Sell To Get Another Bailout

Greece Olympics

[credit provider=”AP”]

Just one year after being bailed out, Greece may get a new aid package from the European Union and IMF. But in order to do so, it may need to sell its state assets first.Those assets include baseball stadiums, casinos, aeroplanes, horse racing tracks, and even islands.

State-run industries are also likely to be sold to the private sector in this massive $71 billion fire-sale.

We’ve highlighted some of the much talked about assets, putting price tags on some once invaluable state holdings.

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[slide
permalink=”olympic-venues-from-2004s-olympic-games-1″
title=”Olympic Venues from 2004’s Olympic Games”
content=”Olympic venues that once housed baseball, taekwondo and hockey are up for sale.

Source: Daily Mail
image=”http://static.businessinsider.com/image/4dd3c376ccd1d528344d0000/image.jpg”
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[slide
permalink=”land-on-greek-islands-such-as-mykonos-2″
title=”Land on Greek islands, such as Mykonos”
content=”A portion of the famously beautiful island Mykonos has been put up for sale. Several other full islands are for sale at prices ranging from €2 million ($2.46 million) to €15 million ($18.5 million).

Source: The Guardian
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[slide
permalink=”20-of-ote-the-state-telecommunications-company-3″
title=”20% of OTE, the state telecommunications company”
content=”The government’s stake in Greece’s largest telecommunication provider may be sold to Deutsche Telecom AG, though there has been opposition.

Source: Bloomberg
image=”http://static.businessinsider.com/image/4dd3c5d849e2ae043c070000/image.jpg”
caption=””
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[slide
permalink=”4-airbus-a340-jets-4″
title=”4 Airbus A340 Jets”
content=”Greece is using Lazard to help with the sale of 4 government planes.

Source: Sydney Morning Herald
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caption=””
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[slide
permalink=”monte-parnes-casino-106-miles-outside-of-athens-5″
title=”Monte Parnes Casino, 10.6 miles outside of Athens”
content=”The government wants to sell its 49% stake in this luxury hotel with amazing views.

Source: Bloomberg
image=”http://static.businessinsider.com/image/4dd3cb24cadcbbde380f0000/image.jpg”
caption=””
credit=””
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[slide
permalink=”trainose-sa-greeces-state-owned-train-operator-6″
title=”TrainOSE SA, Greece’s state-owned train operator”
content=”The Hellenic Railways are said to have amassed a €10.7 billion debt and cost the local taxpayer €1 billion per year.

Source: Bloomberg
image=”http://static.businessinsider.com/image/4dd3ceb54bd7c8605b030000/image.jpg”
caption=””
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]
[slide
permalink=”sewage-and-water-supplies-in-athens-and-thessaloniki-7″
title=”Sewage and water supplies in Athens and Thessaloniki”
content=”Together the two serve 5 million inhabitants.

Source: Bloomberg
image=”http://static.businessinsider.com/image/4637544bd24b324a37508c00/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”mining-company-larco-general-mining-and-metallurgical-company-sa-8″
title=”Mining company Larco General Mining & Metallurgical Company S.A”
content=”The company is expected to be privatized by the end of 2011.

Source: Bloomberg
image=”http://static.businessinsider.com/image/4b449937000000000030f2f3/image.jpg”
caption=””
credit=””
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[slide
permalink=”hellenikon-airport-in-athens-empty-since-2001-9″
title=”Hellenikon airport in Athens, empty since 2001″
content=”Set on 170 acres of prime coastal land that the Mayor of Athens had hoped to turn into a park lands, Hellenikon airport is now expected to be turned into commercial area with investment from the government of Qatar.

Source: Reuters
image=”http://static.businessinsider.com/image/4dd3d52bcadcbb3b48160000/image.jpg”
caption=””
credit=””
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[slide
permalink=”the-countrys-main-electricity-provider-ppc-10″
title=”The country’s main electricity provider, PPC”
content=”The government will cut its stake in electricity provider PPC from 51% to 34%.

Source: AFP
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caption=””
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[slide
permalink=”hellenic-horse-racing-organization-sa-a-betting-and-horse-racing-company-11″
title=”Hellenic Horse racing organisation S.A. — a betting and horse-racing company”
content=”Greece is hoping to sell 100% of this state-run horse racing organisation.

Source: Bloomberg
image=”http://static.businessinsider.com/image/4dc847874bd7c8b1650b0000/image.jpg”
caption=””
credit=””
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[slide
permalink=”state-lottery-tickets-12″
title=”State Lottery Tickets”
content=”The government hopes to bring outside investors into the state-run lottery.

Source: UK Trade and Investment
image=”http://static.businessinsider.com/image/4ac63ea839a35d3f2ea92648/image.jpg”
caption=””
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[slide
permalink=”but-what-if-greece-does-restructure-13″
title=”But what if Greece does restructure?”
content=”Here are the financials that will get slammed if Europe restructures its debt >
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