Qatar Expressed Interest in Greek Defense Companies

The government of Qatar has expressed interest in Greek defense companies that may be privatized. Hellenic Defence Systems S.A. (EAS) and Hellenic Vehicle Industry (ELVO) are two state-owned enterprises that are tagged for possible privatization. EAS was created in 2004 after the merging of Greek Powder & Cartridge Company SA and Hellenic Arms Industry SA. The Hellenic State is the main shareholder being represented by the Hellenic Ministry of Finance.

Greek Defense Minister Panos Panagiotopoulos said in a statement, “Qatar is interested in a series of privatizations regarding the Greek defense industry.”

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