The Greek government will appoint investment houses Alpha Finance and Samuel Montagu as advisers

Date: 02/11/1995

in the part-privatisation of the loss-making Hellenic Shipyards. They will draw up a business plan for the yard, financial an international shipbuilding firm to manage it and raise up to 15 million ecu to upgrade equipment. The Commission must approve the plan or order the repayment of 270 million ecu of subsidies.