Greece to sell majority stakes in four ports -document

Piraeus Port Authority SA

31/03/2020 18:29

ATHENS, March 31 (Reuters) - Greece plans to sell majority
stakes in four ports as part of a privatisation plan agreed with
its lenders after the country exited the bailouts in 2018, a
document of its privatisation agency (HRADF) showed on Tuesday.
    HRADF will sell majority stakes in the share capital of
Alexandroupolis, Igoumenitsa, Heraklion and Volos ports, the
agency said in an invitation to hire financial advisers for the
sales released on this website.
    China's COSCO has bought a 51% stake in Piraeus Port
 OLPr.AT , the country's biggest, in 2016. A German-led
consortium also acquired a 67% share in Thessaloniki Port in
2018.
    Greece aims to raise 2.4 billion euros from state asset
sales this year, including the further privatisation of its
biggest gas utility DEPA and the sale of a minority stake in
Athens International Airport.
    The ongoing coronavirus crisis has not affected its
privatisation programme so far, Greek officials close to the
matter have told Reuters.
    Greece reported 102 new coronavirus cases on Tuesday,
bringing the total number of reported infections to 1,314 so
far. In total, 49 people have died.

 (Reporting by Angeliki Koutantou; Editing by Lisa Shumaker)
 ((angeliki.koutantou@thomsonreuters.com; +30 210 3376436;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))