Friday, February 23, 2018

Greece wraps up port privatisation after three years

by Kerin Hope

Financial Times

February 23, 2018

Greece’s parliament has ratified the €1.1bn privatisation of the northern Greek port of Thessaloniki, with a sale to to a consortium of German, French and Russian-Greek companies.

The disposal of OLTH, operator of the port, takes the form of a combined share sale and concession deal, and was agreed under terms of Greece’s international bailout programme. It took three years to complete.

The Hellenic Republic Asset Development Fund, the country’s privatisation agency, is now moving ahead with the disposal of the Alexandroupolis port in northeastern Greece and nine other regional ports that are 100 per cent state-owned.


No comments: