Greece's two biggest ports are now privately owned

With the sale of its second-largest port, in Thessaloniki, to a German-led consortium, and last year's Chinese acquisition of the country's biggest port, Piraeus, Greece has now sold its two most important ports.

Photo: Thanassis Stavrakis/AP/Polfoto

Three investors in a German-led consortium have taken over Greece's second-largest port in Thessaloniki.

The transaction made with the Greek privatization authority is worth USD 1.3 billion for a 67 percent stake.

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