Greece Names Preferred Investor for Igoumenitsa Port

October 6, 2022

© d_zheleva / Adobe Stock
© d_zheleva / Adobe Stock

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)

Logistics News

Port Houston Surpasses 2 Million TEUs in June, Looks Ahead to Maritime Conference

Port Houston Surpasses 2 Million TEUs in June, Looks Ahead to Maritime Conference

Greek-Managed Tankers Divert Around Africa to Avoid Red Sea Attacks

Greek-Managed Tankers Divert Around Africa to Avoid Red Sea Attacks

Global Shipping's Q3 Outlook Centers on Geopolitical Instability (again)

Global Shipping's Q3 Outlook Centers on Geopolitical Instability (again)

Tideworks Technology’s Traffic Control Solution Deployed at Florida International Terminal

Tideworks Technology’s Traffic Control Solution Deployed at Florida International Terminal

Subscribe for Maritime Logistics Professional E‑News

Incorrect speed record card caused 2024 Nepal plane crash, panel says
Lawyer for Greek owner of cocaine-loaded ship seized in 2023 says that he denies the charges
UN Refugee Agency concerned about impact on aid operations of Sweida hostilities