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Tag Archives: privatization

Greek parliament approves bill facilitating privatization of 10 regional ports

A bill allowing private investors concession contracts at 10 Greek ports was submitted by the Greek Shipping Ministry and approved by the Parliament on Thursday. The bill concerns the ports of Alexandroupolis, Volos, Rafina, Igoumenitsa, Patra, Heraklion, Elefsina, Lavrio, Corfu and Kavala and establishes a new model for exploiting their …

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Knossos, Royal Tombs of Vergina among 587 monuments Greece will privatize

The archaeological site of Knossos, the Archaeological Museum of Herakleio and the bastions of the Venetian Castle, the Castle of Chios, the Acropolis of Sparta, the Tomb of Leonidas, the island of Spinaloga, the White Tower of Thessaloniki, the Akrotiri on Santorini, the Byzantine Castle of Trikala , the Firka …

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Greece to privatize another 23 regional airports mostly on the islands

Greece has opened the way for the privatization of another regional airports, 23 in total. The airports are mostly located on islands in the Aegean Sea, several in mainland and two in Peloponnese. The relevant decision by the Ministry of Transport and Infrastructure has been published in the official gazette …

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Greece Privatization Fund to sell 30% stake in Athens International Airport

Greece’s Privatization Fund will proceed with a tender to sell a 30 percent stake in the Athens International Airport (AIA) early next year, its head said on Wednesday. The privatisation agency holds a 30 percent stake in the airport, with the government owning another 25 percent. The rest is held …

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Full privatization of water companies in Athens & Thessaloniki cancelled

The full privatization of water companies EYDAP in Athens and EYATH in Thessaloniki has been cancelled. Only a percentage of stakes will be sold to private investors, while the majority will remain to the state; it has already returned to the state from the Greek Privatization Fund HARDF. The procedure …

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Greece opened tender for 5% sale of telecom giant OTE

The Hellenic Privatization Fund (HRADF) announced an international tender for the sale of 24.5 million ordinary shares by telecom giant OTE, which represent 5% of the company’s capital. Athens expects bids from interested investors by March 15, 2018, it is clear from a news release on the Fund’s website. The …

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Port of Thessaloniki privatization agreement finally signed

The agreement for the sale of 67 percent of Thessaloniki port to South Europe Gateway Thessaloniki (SEGT) Limited was signed at the offices of the Hellenic Republic Asset Development Fund (HRADF) on Thursday afternoon. The agreement was scheduled to be signed last week, however, it was postponed as the Russian …

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Privatization of Thessaloniki Port postponed as Russian guarantor bank gets bailout

Greece has had to postpone the signing of a deal to sell a majority stake in its second-biggest port after the Russian guarantor bank, Promsvyazbank, was placed under temporary administration and was practically nationalized by the Centrla Bank of Russia. Odd that the US Ambassador to Athens had criticized the …

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Lamda Development warns Greek State over obstacles in Hellinikon investment project

Just hours after Eldorado Gold announced it suspends it Skouries project in Northern Greece, another big investor, the Lamda Development, warns the Greek government over violation of terms of the agreement in Hellinikon investment project. In a statement issued on Friday, Lamda Development states that the unconventional decision of the …

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More hurdles ahead for Helliniko privatization project in Athens

Greece’s Culture Minister has reportedly signed off on a decision by the influential Central Archaeology Council (KAS) designating 28 hectares of land at the former Athens airport as entailing “archaeological interest”. The disused Athens airport and adjoining tracts of land comprise the landmark Helleniko project, billed as the biggest real …

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Italian Ferrovie buys Greek TrainOSE, a day after €692mn debt is written off

Ferrovie Dello Stato Italiane S.p.A. on Thursday signed an agreement to buy 100 percent of Greece’s railways TrainOSE for 45 million euros. The signature ended a four-year tender process and opening a new page in the Greek railways’ future. The signatures fell a day after TrainOSE’s  692-million-euro debt to state-owned …

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First Four Seasons Hotel to open on my childhood’s favorite beach in Vouliagmeni

Four Seasons Hotels and Resorts and Astir Palace Vouliagmeni S.A. have announced plans to bring the first Four Seasons hotel to Greece on the Astir Palace peninsula. Following extensive upgrades to the existing hotel, the new hotel will debut as Four Seasons Astir Palace Hotel Athens in spring 2018. The luxurious complex in one of the most …

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Greece receives six expressions of interest for gas grid operator DESFA

Greece received six expressions of interest for the sale of a 66 percent stake in state natural gas grid operator DESFA, the country’s privatization agency (HRADF) said in a press release on Monday. The investor groups that responded to the tender are: -Macquarie Infrastructure and Real Assets Ltd -A consortium …

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Extra Levy on Water for Greece households and farmers for the sake of water companies privatization

Not one day passes without an extra charge, a one more charge that empties the Greek pockets and pushes thousands into poverty. Whether unemployed, low-pensioner, vulnerable group of the society, whether employee or entrepreneur, the nightmare of additional financial burden does not stop. Out of the blue, here comes an …

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German-led consortium wins 67% stake in Thessaloniki port for €231.9 million

Greek privatization fund  HRADF declared a German-led consortium comprising “Deutsche Invest Equity Partners GmbH”,  «Belterra Investments Ltd.» and «Terminal Link SAS» as the preferred bidder for the acquisition of  67% stake in Thessaloniki port, the second largest in Greece. Deutsche Invest Equity Partners is a German private-equity, Terminal Link is …

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Lenders press Greece to sell 40% of PPC lignite units and energy producing plants

Greek Interior Minister – an Energy minister in first SYRIZA government – Panos Skourletis accused on Monday international lenders of reneging on a 2015 bailout deal by trying to force a fire-sale of its main electricity utility Public Power Corporation (PPC/DEH) to serve “domestic and foreign business interests.” Later, a …

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