Greece
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privatization

Thessaloniki Port Authority Tender Will Sell-off Entire 67% Stake, Sources Report

Although the original plan for selling off a portion of the Thessaloniki Port Authority (OLTH) was to reallocate only 51 percent of the stakes and to sell off the remaining 16 percent at a later date, sources have reported...

Parliament Delivers Clause for International License Tender for Casino at Elliniko Park

After months of deliberations the Greek Parliament has tabled a clause for the licensing of a casino in the new development at Elliniko Park. This newly drafted law states that the concession of the casino at Elliniko will be conducted via...

Fraport Pressuring Government to Suspend Work at Makedonia Airport

Work on a second runway at Makedonia Airport may be postponed in order to save the deal struck by Fraport in the privatization of 14 regional airports in Greece. The Fraport/Slentel consortium recently threatened to abandon the operation of the 14 airports...

Government Approves Casino Permit for Elliniko Park

As soon as the details are finalized for the privatization of the former Elliniko international airport site, Greeks can expect to see construction commence. According to sources, the government has announced the approval of a casino permit, which is...

Fraport Aims for Increased Passenger Traffic in 2017 at 139th IATA Slot Conference

According to sources in the international transport industry, Fraport Greece attracted a high level of attention at the 139th IATA Slot Conference, held in Atlanta, Georgia, USA. This conference allows representatives of airports, airlines and national air-traffic agencies to meet...

Thessaloniki Port Authority's Privatization Project Back on Track

After refusing to sign concession contracts resulting in stalling the privatization procedures of the Thessaloniki Port Authority (OLTH) for over two months, Shipping Minister Theodoros Dritsas is out of a job. Dritsas' departure from his post has officials close to the...

China's State Grid Submits Winning Bid for 24% Stake in ADMIE

Greece’s power utility PPC announced on Wednesday that China’s State Grid Corporation has submitted the winning bid for a 24 percent stake in grid operator ADMIE, offering 320 million euros. The other candidate was a consortium led by Italy’s Terna. PPC’s...

ESM Board of Directors Approves 2.8 Bln Euro Disbursement to Greece

The Board of Directors of the European Stability Mechanism (ESM) today authorized the disbursement of 2.8 billion euros to Greece, which is the remaining amount of the second tranche of ESM financial assistance. “Today’s decision to disburse 2.8 billion euros...

Italian and Chinese Companies Make Bids for Sale of 24% Stake in ADMIE

Greece received two binding bids for the sale of a 24 percent stake in power grid operator ADMIE on Friday, the final day for the submission of a bid, an energy ministry source said. The two companies are Italian power...

Parliament Approves Transfer of 5% Stake in OTE to Privatization Agency

Parliament has approved an amendment which transfers five percent of the State’s share in telecom company OTE to the country’s privatization agency, a prior action required for the disbursement of the final sub-tranche of Greece’s loan. The amendment was included...