The Athens Water Supply and Sewerage Company (, ''Eteria Ydrefsis ke Apohetefsis Protevusas'', abbr. , ''EYDAP'') is the largest

Greek Greek may refer to: Anything of, from, or related to Greece, a country in Southern Europe: *Greeks, an ethnic group *Greek language, a branch of the Indo-European language family **Proto-Greek language, the assumed last common ancestor of all kno ...

enterprise in its sector. Based in

Galatsi Galatsi (, ''Galátsi'' ), called in Katharevousa Galatsion (, ''Galátsion''), is a town, a northern suburb of Athens agglomeration, Greece, and a municipality of the Attica (region), Attica region. The municipality has an area of 4.026 km ...

Athens Athens ( ) is the Capital city, capital and List of cities and towns in Greece, largest city of Greece. A significant coastal urban area in the Mediterranean, Athens is also the capital of the Attica (region), Attica region and is the southe ...

, it is serving 4.3 million customers in the metropolitan area of Athens with fresh water and 3.5 million customers with sewers.

Company

EYDAP was founded in 1980 after the merge of the two water suppliers Hellenic Water Company (EEY) and Greater Athens Sewerage Organization (OAP). The Greek state holds a majority stake in EYDAP, with further 27 percent being listed at the

Athens Exchange The Athens Stock Exchange (ASE or ATHEX; , ''Chrimatistírio Athinón'') is the stock exchange of Greece, based in the capital city of Athens. It was founded in 1876. There are currently five markets operating in ATHEX: regulated securities mark ...

where it belongs to the 25 companies forming the

FTSE/Athex Large Cap The FTSE/Athex Large Cap is the stock index of the twenty-five largest companies on the Athens Stock Exchange. the stocks comprising this index are: Viohalco, Coca-Cola HBC AG, EYDAP, Terna Energy, Lamda Development S.A., Hellenic Pet ...

index. Following the

Greek government-debt crisis Greek may refer to: Anything of, from, or related to Greece, a country in Southern Europe: *Greeks, an ethnic group *Greek language, a branch of the Indo-European language family ** Proto-Greek language, the assumed last common ancestor of all kn ...

, EYDAP was planned to be fully privatized under the terms of the Eurozone

Memorandum A memorandum (: memorandums or memoranda; from the Latin ''memorandum'', "(that) which is to be remembered"), also known as a briefing note, is a Writing, written message that is typically used in a professional setting. Commonly abbreviation, ...

. In May 2014, the Greek

Council of State A council of state is a governmental body in a country, or a subdivision of a country, with a function that varies by jurisdiction. It may be the formal name for the cabinet or it may refer to a non-executive advisory body associated with a head ...

however blocked the transfer of the government's stake to its privatization fund, the

Hellenic Republic Asset Development Fund The Hellenic Republic Asset Development Fund (HRADF; , ΤΑΙΠΕΔ) is a Greek state-owned asset management company that controls a number of state owned enterprises. It is a direct subsidiary of the Hellenic Corporation of Assets and Participat ...

. The constitutional court ruled that the sale would be unconstitutional. Following this decision, a merger of EYDAP with the Thessaloniki Water Supply & Sewage Co. (EYATH) was taken into consideration instead.

References

External links

* {{Athex Large Cap companies Companies established in 1980 1980 establishments in Greece Companies based in Athens Service companies of Greece Water companies Water in Greece Public utilities of Greece Companies listed on the Athens Exchange Companies in the FTSE/Athex Large Cap Galatsi Water supply and sanitation in Greece