© Grimaldi Group

Binding offer for a 67% stake

Grimaldi competing for Igoumenitsa

by Port News Editorial Staff

Three binding offers have been received by the Greek government for the sale of a majority stake in the port of Igoumenitsa.

The news was announced by the public agency in charge of privatization after the deadline set for submission of tenders.

Among the bidders for a 67% stake in the port is, first and foremost, the Grimaldi Euromed & Minoan Lines consortium.

The consortium, led by the Neapolitan group, will have to contend with the partnership between Attica Holdings & Aktor Concessions and the Investment Construction Commercial & Industrial and  Thessaloniki Port Authority group.

As REUTERS points out, Greece embarked on an ambitious privatization plan in 2010, at the beginning of a decade-long financial crisis, to help reduce its public debt.

So far Athens has raised about 7 billion euros from the program, which also includes the sale of a majority stake in the port of Alexandroupoli and the sub-concession to operate a multipurpose port terminal in Kavala.

Translation by Giles Foster

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