ATHENS, June 18 (Reuters) - Greece will set up its first

sovereign wealth fund to sell state assets such as estate

property, ports and public utilities that were not sold during

its debt crisis, its finance minister said on Tuesday.

The fund, with initial capital of 300 million euros, will

invest proceeds from thousands of state asset sales into green

projects, infrastructure and new technology, Finance Minister

Kostis Hatzidakis said in a news conference, unveiling the plan.

"We hired BlackRock ( BLK ) to propose the best corporate structure

for the fund," he added.

Greece's privatisation agency HRADF and its bank bailout

fund HFSF will be absorbed by the Hellenic Corporation of Assets

and Participations (HCAP), which manages a portfolio of state

utilities and participations.

The funds jointly raised more than 10 billion euros from the

sale of state assets and bank stakes to help Greece cut its debt

during its 2010-2018 crisis, Hatzidakis said.

HFSF, which recently fully privatised three Greek lenders,

plans to sell its remaining 18% stake in National Bank

and a 72.5% in Attica Bank by the end of the year, Hatzidakis

said.

Greece will also look to modernise its bus and postal

services by allowing their state operators hire workers from the

private sector and offer them pay flexibility.