Bloomberg: New Greek Infrastructure Innovation Fund considers €1bn investment in technology and energy

The Hyperfund is being transformed into the Hellenic Innovation and Infrastructure Fund (HIIF) and plans to enactment with backstage investors to marque €1 cardinal successful investments implicit the adjacent 3 to 4 years, the fund’s head, Yannis Papachristou, who oversees authorities assets, tells Bloomberg.

According to a Bloomberg report, the caller concern “vehicle” was created to enactment the country’s effort to retrieve from its decade-long indebtedness crisis. It volition beryllium portion of the sovereign wealthiness fund, which manages privatizations, and its portfolio already includes state-owned enterprises and stakes successful backstage companies successful sectors specified arsenic existent estate, energy, infrastructure and banking.

“The Hyperfund is being transformed into a state-owned wealthiness fund,” Chief Executive Yannis Papachristou said successful an interview. The eventual extremity is to pull overseas nonstop investment, chiefly successful high-value-added sectors and the “new economy”, arsenic helium describes it, arsenic good arsenic occupation creation.

The recently established Hellenic Innovation and Infrastructure Fund was launched with conscionable implicit €300 cardinal successful superior and, unneurotic with backstage investors, aspires to allocate astir €1 cardinal implicit the adjacent 3 to 4 years successful areas specified arsenic renewable energy, integer infrastructure specified arsenic information centres, the bluish economy, cultivation technology, h2o absorption and biotechnology.