Greece Names Preferred Investor for Igoumenitsa Port

Thursday, October 6, 2022

Greece's privatizations agency on Thursday named an Italian-led consortium as preferred bidder in the sale of a majority stake in the port of Igoumenitsa.

Italy's Grimaldi Euromed with Greece's Minoan Lines and Investment Construction Commercial and Industrial were selected for a 67% stake in the port in northwestern Greece, close to Italy, the agency said.

The consortium offered 84 million euros ($82.40 million) and the transaction documents will be signed following approval by the Court of Audit, the agency said.

The government has sought to attract private investment in Igoumenitsa and other regional ports as part of a wider privatizations plan to become a key logistics hub for goods from Asia to Europe and boost economic growth.

In the last decade Greece has raised more than 7 billion euros from privatizations as part of its three international bailouts that expired in 2018.


($1 = 1.0195 euros)

(Reuters - Reporting by Karolina Tagaris; Editing by Leslie Adler)

Categories: Ports

Related Stories

Mammoet, Port of Argentia Plan Floating Dry Dock, Marine Repair Facility

Port of Los Angeles Reports Record Low Emissions

IFM Investors Fund to Acquire Majority Stake in Associated British Ports

Current News

SESCO Cement Commissions New Silos at Houston Terminal

Port of Bilbao Reflects As 2026 Cruise Season Reaches Last Calls

Seatrium, Karpowership Link Up on Floating Power and Digital Infrastructure

Japanese Giants Join Forces on Four Ammonia-Fueled Car Carriers

Subscribe for Maritime Logistics Professional E‑News