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

Court Rules on DP World Djibouti Case

Svanehoj Acquires KOHO Kompressorsysteme

China Oil Port to Ban Shadow Fleet

Current News

Court Rules on DP World Djibouti Case

Liebherr Launches LiSIM ROS Simulator for Remote Operator Training

As Energy Reliability Concerns Mount, Material Handling Professionals Urged to “Prepare with Propane”

Svanehoj Acquires KOHO Kompressorsysteme

Subscribe for Maritime Logistics Professional E‑News