Greece gets strong non-binding interest for Igoumenitsa port

igoumenitsa-port

Greece on Friday received nine non-binding bids for a 67% stake in Igoumenitsa port, its privatisation agency said on Friday.

Bids were submitted by Aegean Oil, Attica Holdings and a consortium of Archirodon Group and ANEK & Trident Hellas Group.

The other bidders were a consortium of Grimaldi Euromed and Minoan Lines, Danthia Shipping, MRG Ltd, Portek International, Quintana Infrastructure and Thessaloniki Port Authority , the agency said.

The deadline for bidding expired at 1500 GMT on Friday.

Greece embarked on an ambitious privatisation plan in 2010, at the start of a decade-long financial crisis, to help reduce its public debt and attract investors to overhaul and boost the business efficiency of its assets.

Athens has raised about 7 billion euros so far from the programme, which includes the sale of a majority stake in Alexandroupolis port and the sub-concession for the operartion of a multi-purpose port terminal in Kavala, both in northern Greece.

Source: Reuters

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