![EYDAP Prepares to Make Acquisitions in Water and Sewerage Sector](https://www.ot.gr/wp-content/uploads/2023/12/ευδαπ.jpg)
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
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
![Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated](https://www.ot.gr/wp-content/uploads/2024/06/ergasia-ergazomenos-600x300.jpg)
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4
![OECD: Job Vacancies on the Rise in Greece](https://www.ot.gr/wp-content/uploads/2024/07/ergasiabusinness-768x556-1-1-600x434.jpeg)
OECD: Job Vacancies on the Rise in Greece
By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019
![OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece](https://www.ot.gr/wp-content/uploads/2024/05/ΟΤΕ-Group_1-600x450.jpg)
OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece
This initiative will provide ultra-fast internet speeds of up to 1Gbps to over 350,000 households and businesses in semi-urban and rural areas across the country