ShippingWatch

Greece puts Port of Piraeus up for sale

Greece has taken the first step toward privatizing the Port of Piraeus. Now the financially struggling country is waiting for potential investors to come knocking.

Photo: /ritzau/Thomas Borberg

Most people are likely aware that Greece is strapped for cash, and the hard-pressed Southern Europeans have now launched a large-scale fire sale that includes the old port in Piraeus.

Greece plans to sell 67 percent of the shares in the company Piraeus Port Authority (PPA), which handles operations in the port. Potential investors now have a month and a half to submit bids. The port is expected sold before the end of 2014.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Banks keep tabs on offshore wind – at a safe distance

In the next ten years, more than 100 new vessels for installation and maintenance of offshore wind are needed, and the offshore wind market is growing strongly. But shipping banks continue as bystanders for the time being.

Further reading

Related articles

Latest news

See all jobs