No less than eight investment vehicles have submitted an expression of interest for the privatization of the Volos Port Authority S.A., in central Greece, according to the country’s privatization agency on Friday.
Specifically, the Hellenic Republic Asset Development Fund (HRADF), as the agency is officially called, said a relevant international tender foresees a minimum 67-percent stake in the specific port authority’s share capital.
The eight schemes are:
Advance Properties O.O.D.
A consortium of Goldair Cargo A.E. – Goldair Handling Α.Ε.
A consortium of Intrakat A.E. – Tekal S.A.
A consortium of Israel Shipyards Ltd – Helliniki Halyvourgia S.A.
Mariner Capital Ltd
QTerminals W.L.L.
GEK ΤΕΡΝΑ S.A.
Thessaloniki Port Authority S.A.
The tender foresees a 60-year concession from the moment of signing.
HRADF has appointed Deloitte Business Solutions S.A. and Euroconsultants S.A. to act jointly as financial advisors, and Doxiadis Associates is the technical adviser in the tendering process and transaction.
HRADF’s sole shareholder is the Hellenic Corporation of Assets and Participations (HCAP). The latter is the Greek state’s sovereign wealth fund, responsible for managing and optimizing public and state assets.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
