marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

Greece to Sell Majority Stakes in Four Ports

March 31, 2020

© giannis / Adobe Stock
© giannis / Adobe Stock

Greece plans to sell majority stakes in four ports as part of a privatization plan agreed with its lenders after the country exited the bailouts in 2018, a document of its privatization agency (HRADF) showed on Tuesday.

HRADF will sell majority stakes in the share capital of Alexandroupolis, Igoumenitsa, Heraklion and Volos ports, the agency said in an invitation to hire financial advisers for the sales released on this website.

China's COSCO has bought a 51% stake in Piraeus Port, the country's biggest, in 2016. A German-led consortium also acquired a 67% share in Thessaloniki Port in 2018.

Greece aims to raise 2.4 billion euros from state asset sales this year, including the further privatization of its biggest gas utility DEPA and the sale of a minority stake in Athens International Airport.

The ongoing coronavirus crisis has not affected its privatization program so far, Greek officials close to the matter have told Reuters.

Greece reported 102 new coronavirus cases on Tuesday, bringing the total number of reported infections to 1,314 so far. In total, 49 people have died.


(Reporting by Angeliki Koutantou; Editing by Lisa Shumaker)

Logistics News

Singapore Ship Registry Marks 60 Years, Plans Digital Upgrade

Singapore Ship Registry Marks 60 Years, Plans Digital Upgrade

European Wheat Prices Rise to One-Week High

European Wheat Prices Rise to One-Week High

US LNG Exports Increase in September, Europe Outbids Asia for Cargoes

US LNG Exports Increase in September, Europe Outbids Asia for Cargoes

FPT, ZEBOX to Advance AI Solutions in Transportation, Logistics

FPT, ZEBOX to Advance AI Solutions in Transportation, Logistics

Subscribe for Maritime Logistics Professional E‑News

Hope fading for new Boeing deal during US-China summit, sources say
OpenAI data breach is the latest in a long list of cyber-attacks on Australia
Bangladesh buys 11 additional Boeing jets to strengthen trade relations with the US