Greece Gets Strong Interest for Igoumenitsa Port

Friday, October 30, 2020

Greece on Friday received nine non-binding bids for a 67% stake in Igoumenitsa port, its privatization agency said on Friday.

Bids were submitted by Aegean Oil, Attica Holdings and a consortium of Archirodon Group and ANEK & Trident Hellas Group.

The other bidders were a consortium of Grimaldi Euromed and Minoan Lines, Danthia Shipping, MRG Ltd, Portek International, Quintana Infrastructure and Thessaloniki Port Authority , the agency said.

The deadline for bidding expired at 1500 GMT on Friday.

Greece embarked on an ambitious privatization plan in 2010, at the start of a decade-long financial crisis, to help reduce its public debt and attract investors to overhaul and boost the business efficiency of its assets.

Athens has raised about 7 billion euros so far from the program, which includes the sale of a majority stake in Alexandroupolis port and the sub-concession for the operation of a multipurpose port terminal in Kavala, both in northern Greece.


(Reporting by Lefteris Papadimas and Angeliki Koutantou; Editing by Kirsten Donovan)

Categories: Ports Government Update Mergers & Acquisitions

Related Stories

Mawani Signs Privatization Contracts for Multipurpose Cargo Terminals at Eight Saudi Ports

Crowley Expands International Shipping By Connecting U.S. Northeast and Central America

Trump Hobbles NOAA Team That Reopens Ports After Hurricanes

Current News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

Subscribe for Maritime Logistics Professional E‑News