Greece Launches Sale of Crete Port Stake

April 5, 2021

Credit: Efesenko/AdobeStock
Credit: Efesenko/AdobeStock

Greece on Monday launched a tender for the sale of a majority stake in a port on the island of Crete, a popular tourist destination in Europe.

The conservative government has been keen to attract investment and upgrade its port facilities across the country after years of underspending and a decade-long financial crisis.

Investors can submit expressions of interest for a 67% stake in the port of Heraklion, the busiest on Crete, by July 30, the country's privatization agency, which is managing the sale, said on Monday.

The port serves cruise ships, ferries and freight vessels.

Greece is also selling majority stakes in the ports of Alexandroupolis and Igoumenitsa in northern and western Greece, as part of a privatization scheme aiming to raise 1.8 billion euros ($2.11 billion) this year. 

($1 = 0.8511 euros) 

(Reporting by Angeliki Koutantou; Editing by Alison Williams)

Logistics News

U.S. Containerized Imports from China Rose 7.2% in July

U.S. Containerized Imports from China Rose 7.2% in July

Trump’s Revised Jones Act Waiver Gets Mixed Reception

Trump’s Revised Jones Act Waiver Gets Mixed Reception

Jeong-Sook Kim Appointed as UK P&I Club Senior Underwriting Director

Jeong-Sook Kim Appointed as UK P&I Club Senior Underwriting Director

Maersk Training Sold to OpenGate Capital

Maersk Training Sold to OpenGate Capital

Subscribe for Maritime Logistics Professional E‑News

Poland and the Baltics protect infrastructure in case of a Russian false flag attack
Tengiz oil production returns to full capacity, boosting Kazakhstan's oil production
The Russian Central Bank advises banks to allow firms that have been hit by warehouse attacks to restructure loans