October 12, 2018 / 10:05 AM / 2 months ago

FACTBOX-Greek companies sell assets to meet debt obligations

Oct 12 (Reuters) - Greek companies are selling some of their assets to boost liquidity and settle obligations with banks.

Greek banks are reeling under the pressure of non-performing loans, which restrict their ability to expand credit and help the economy’s recovery.

Below is a list of company asset sales:

** White goods seller FG Europe SA sold 51 percent of its subsidiary in Italy. ** Medical Services Clinic Iaso sold its unit Iaso General. ** Unibios is looking to sell a property in central Greece, Magnesia. ** Dionic sold its stake in Greece’s e-shop platform Skroutz and in a renewable energy company. ** Construction company Elviemek sold its photovoltaic unit. ** Audio Visual Enterprises sold its unit “On Production” pulling out of the TV show production business. ** Pasal Development transferred assets to creditors. ** Altec Holdings said would sell its unit Unisoft this year. (Reporting by Stratos Karakasidis; Editing by Mark Potter)

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