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Travel & Tourism industry news by Greek Travel Pages (gtp)

Tourism Properties Under Private Management

Hellenic Tourism Properties is about to turn its management over to the private sector. Press reports say the state-owned company that controls the Hellenic Organization’s plethora of properties will sell a percentage of its shares to a strategic investor in the first part of 2002, who will take over management responsibilities. Another portion will go to investors through a bourse listing.

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