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

MacGregor Inks Hatch Cover Deal

MacGregor Inks Hatch Cover Deal

Hormuz Crossings Rise Slightly from Weekend

Hormuz Crossings Rise Slightly from Weekend

Two Millionth Subaru Arrives at Port of Vancouver USA

Two Millionth Subaru Arrives at Port of Vancouver USA

Louisiana International Terminal Permit Granted by U.S. Army Corps of Engineers

Louisiana International Terminal Permit Granted by U.S. Army Corps of Engineers

Subscribe for Maritime Logistics Professional E‑News

Third Point discloses Warner Bros Discovery share, adding to Alphabet exposure
Sources: Drone attack damages Novatek's Ust-Luga processing complex for gas condensate, according to sources
The resumption of Colombian coffee production could take several weeks. Processing is also affected.