
EYDAP’s leadership openly noted its intentions to expand beyond Attica and acquire water and sewerage companies in Boeotia, Fthiotida and Corinthia
Athens Water Supply and Sewerage Company (EYDAP) announced its plans to actively pursue acquisitions of municipal water and sewerage enterprises outside of Attica, and has its eyes set on Boeotia, Fthiotida and Corinthia.
In a press event held on Thursday, senior leadership noted that the company already serves 66 municipalities in the Attica region and that it is in favor of a bill being prepared by the Greek government that will enable the company to proceed with such aquisitions.
The President of EYDAP George Stergiou and CEO Charalambos Sahinis explained that, of course, EYDAP will have to carefully analyze the financials of any potential acquisition target.
Acquisitions outside of the company’s traditional region of operation will be made possible by the Greek government’s continued restructuring of the sector and expected passing of a bill that will enable mergers and acquisitions in sector.
In the meantime, EYDAP says it has planned strategic investments that reach 1.85 billion euros to ensure the provision of quality services now and in the future. Of the amount, 900 million euros are reserved for eastern Attica with 90% of that amount coming from the European Union.
And approximately 350 million euros will be allocated to projects that will transform the way the company works. For example. they will focus on smart grids and meters, energy projects, new financial services and supply chain systems.
Sahinis explained that around 400 million euros will be spent to replace the water supply network and reduce leakages, and they have around 200 million euros reserved for sewerage projects.
EYDAP was founded in 1980 after the merge of two water suppliers and is the largest such company in Greece. It falls under the Regulatory Authority for Energy, Waste and Water (RAEWW), which has recently been formed through the extension of powers of the former Regulatory Authority for Energy (RAE) to include water and sewers. The pathway to the passage of a bill that will open the road for mergers and acquisitions comes as the Growth Fund transfers its shares back to the Greek public sector.
Source: tovima.com


Latest News

Athens International Airport: Passenger Traffic Up 8.7% in February
In a significant milestone, Athens International Airport has entered the top-10 of Europe's busiest airports according to Eurostat data.

Airbnb: Greece Leads Europe’s Short-Term Rental Surge
A standout trend in the report is the 77% surge in bookings for Holy Week, indicating heightened demand for Easter getaways

Deposit Interest Rates in Greece Remain Unchanged: Bank of Greece
The weighted average interest rate for new deposits remained steady at 0.45%.

Opposition Parties Sumbit No-Confidence Vote Against Greek Government
It accuses the government of blocking investigations into potential criminal political responsibility for the failure to implement safety measures under contract 717/2014, which was meant to upgrade railway signaling and remote control systems

Santorini: Greece’s Bid to Save the 2025 Tourist Season
With Santorini tourism down 20% for the 2025 summer season, the Greek government is in a race to recover lost ground and ensure cruises start as originally planned by late March.

China Hits Back at Trump’s Tariffs with New Trade Restrictions, Agricultural Levies
These new levies further tighten restrictions on U.S. agricultural exports, a critical sector that was already hit hard by Trump’s first-term trade war

Eurostat: Greece’s Inflation at 3% in February – Eurozone at 2.4%
In the eurozone, inflation stood at 2.4% in February, compared to 2.5% the previous month.

U.S. Orders Suspension of Offensive Cyber Operations Against Russia
The suspension of these operations is part of a broader review of U.S. activities concerning Russia, and its duration remains uncertain, The New York Times reported.

Exquisite Bronze Griffin Head Repatriated
The artifact is one of the finest cast-bronze griffin heads in existence according to the Metropolitan Museum of Art

Kites, Carnival, and Reflection: Greece Marks Clean Monday, Lent
First day of Great Lent on the Orthodox calendar - Clean Monday - is celebrated with family gatherings and picnics, with Lenten dishes comprised of seafood, legumes and unleavened bread