EYDAP

The Athens Water Supply and Sewerage Company (Greek: Εταιρεία Ύδρευσης και Αποχέτευσης Πρωτεύουσας, Eteria Ydrefsis ke Apohetefsis Protevusas, abbr. ΕΥΔΑΠ, EYDAP) is the largest Greek enterprise in its sector. Based in Galatsi in Athens, it is serving 4.3 million customers in the metropolitan area of Athens with fresh water and 3.5 million customers with sewers.[9]

Athens Water Supply and Sewerage Company
EYDAP
Native name
Εταιρεία Ύδρευσης και Αποχέτευσης Πρωτεύουσας
Eteria Ydrefsis ke Apohetefsis Protevusas
TypeState owned
Athex: EYDAP
IndustryWater industry
Founded1980 (1980)
Headquarters
Galatsi, Athens
,
Greece
Area served
Metropolitan area of Athens
Key people
Theodora Varvarigou (Chairman)
Harry Sachinis (CEO)[1]
ServicesWater Supply & Sewerage
Revenue€330.32 million (2020)[2]
€(92.18) million (2020)[3]
€(66.10) million (2020)[4]
Total assets€1.613 billion (2020)[5]
Total equity€827.81 million (2020)[6]
OwnerHRADF (61.33%)
Paulson & Co. (9.99%)[7]
Number of employees
2637 (2020) [8]
Websitewww.eydap.gr/en

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 where it belongs to the 25 companies forming the FTSE/Athex Large Cap index.

Following the Greek government-debt crisis, EYDAP was planned to be fully privatized under the terms of the Eurozone Memorandum. In May 2014, the Greek Council of State however blocked the transfer of the government's stake to its privatization fund, the Hellenic Republic Asset Development Fund. The constitutional court ruled that the sale would be unconstitutional.[10] Following this decision, a merger of EYDAP with the Thessaloniki Water Supply & Sewage Co. (EYATH) was taken into consideration instead.[11]

References
  1. https://www.eydap.gr/TheCompany/CorporateGovernance/Board/
  2. https://www.eydap.gr/userfiles/FinancialResults/2020/etisia_oik_ekthesi_2020_en.pdf
  3. https://www.eydap.gr/userfiles/FinancialResults/2020/etisia_oik_ekthesi_2020_en.pdf
  4. https://www.eydap.gr/userfiles/FinancialResults/2020/etisia_oik_ekthesi_2020_en.pdf
  5. https://www.eydap.gr/userfiles/FinancialResults/2020/etisia_oik_ekthesi_2020_en.pdf
  6. https://www.eydap.gr/userfiles/FinancialResults/2020/etisia_oik_ekthesi_2020_en.pdf
  7. "Profile - athexgroup.gr".
  8. https://www.eydap.gr/userfiles/FinancialResults/2020/etisia_oik_ekthesi_2020_en.pdf
  9. "Corporate Profile". Retrieved 22 February 2015.
  10. "Top Greek court blocks privatization of EYDAP water utility". Kathimerini. 26 May 2014. Retrieved 22 February 2015.
  11. Kalmouki, Nikoleta (12 September 2014). "Possible Merger of Athens and Thessaloniki Water Utilities". Greek Reporter. Retrieved 22 February 2015.
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