Greece has secured five non-binding bids to run a part of a port in the northern city of Kavala, according to HRADF, the country’s privatisation agency.

HRADF has received expressions of interest for a sub-concession to run a terminal of Philippos II port, reported Reuters.

Currently, the port is being managed by Kavala Port Authority.

The bids have come from the International Port Investments Kavala consortium, which includes Black Summit Financial Group, EFA Group, and GEK TERNA; and a consortium of IMERYS, Goldair Cargo and IMG.

The bids also came from PFIC, Quintana Infrastructure & Development, and Thessaloniki Port Authority.

Greece began its privatisation plan in 2010 to cut down its public debt.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In March, Reuters reported that the country planned to divest its stakes in four ports after it exited the bailouts in 2018.

HRADF will divest its majority stakes in Igoumenitsa, Heraklion, Alexandroupolis, and Volos port.

In 2016, the Chinese company COSCO acquired a 51% stake in Piraeus port of Greece.

In 2018, a German-led consortium bought 67% stake in Thessaloniki Port.

Greece aims to raise €2.4bn from the divestments of state assets this year. This includes divestment of a minority interest in Athens International Airport.