April 6, 2017 / 10:05 AM / 4 months ago

Greece seeks financial adviser for sale of 5 pct stake in OTE telecoms

1 Min Read

ATHENS, April 6 (Reuters) - Greece is seeking a financial adviser for the sale of a 5 percent stake in its biggest telecoms operator OTE, its privatisation agency (HRADF) said on Thursday.

The sale is a condition of Greece's international bailout.

OTE, a former national monopoly, is now 40 percent owned and managed by Germany's Deutsche Telekom. (Reporting by Angeliki Koutantou; Editing by Karolina Tagais)

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