Press Release: State aid: The Commission endorses the revised privatisation plan for Olympic Airlines and Olympic Airways Services

The Commission decided that the revised privatisation plan for Olympic Airlines and Olympic Airways Services does not raise State aid concerns. The original privatisation plan, which had been approved by the Commission on 17 September 2008, was based on an open, transparent and non-discriminatory public tender procedure. However, given the financial and economic crisis, the tender process was not successful. The Greek authorities have now pursued the sale by direct negotiation with interested parties, in compliance with EC law.

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