Bloomberg News

Ellaktor May Sell Parnitha Casino Stake, Kathimerini Says

May 18, 2012

Ellaktor SA (ELLAKTOR), Greece’s biggest builder, wants to sell non-construction related units, including a stake in a casino, to reduce debt and boost liquidity, Kathimerini said.

The company wants to dispose of its 15.3 percent Parnitha Casino holding and Anemos, a wind energy unit, the Athens-based newspaper said, citing unidentified Ellaktor executives. The political uncertainty in Greece makes negotiations with potential investors difficult, Kathimerini reported.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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