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Thessaloniki port

Four Britons Arrested in Greece on Cocaine Smuggling Charges

Police in Greece announced on Friday that four British nationals have been arrested on drug smuggling charges after nearly 300 kilograms (660 pounds) of cocaine was found stashed in a shipment of bananas from South America. The suspects were arrested...

China’s Extravagant Plan for Canal Trade Route from Greece to Central Europe

China is considering to build a canal trade route from Greece to Europe through the Balkans in order to expedite the shipping of goods

Greek State Wraps Up Sale of Thessaloniki Port

Greece's second-largest port has been sold off to a German-led group in a deal with €1.1 billion ($1.3 billion). Friday's deal is the culmination of the privatization of Thessaloniki port. Greece's government sold its 67-percent stake to a Deutsche Invest-led consortium on...

Thessaloniki Port Sold to German Fund

Although delayed for a few days, the announcement concerning the privatization of the Thessaloniki port came late on Thursday, by the country's liquidation fund. The Hellenic Republic Asset Development Fund has announced the sale of its 67% stake in Thessaloniki...

Greece Signs Sale of 67 pct of Thessaloniki Port

An agreement for the sale of 67 pct of the Thessaloniki port to South Europe Gateway Thessaloniki (SEGT) Limited, was signed at the offices of the Hellenic Republic Asset Development Fund (HRADF) on Thursday, following the approval of the...

Thessaloniki Port Sold to French-German Consortium

A joint venture of Deutsche Invest Equity Partners, with its subsidiary CMA CGM, Terminal Link and the Savvidis Group are to acquire 67% of Thessaloniki Port Authority SA (OLTH), with a binding offer of 231,926,000 euros. The total value of...

Three companies Submit Improved Bids for Thessaloniki Port's Privatization

Greece’s privatization fund HRADF announced on Friday it has received three improved binding financial offers for the acquisition of a 67 percent stake in Thessaloniki Port Authority SA (OLTH). The improved financial offers were submitted by: - International Container Terminal Services...

Thessaloniki Port Tender in Process After Opposing Minister Leaves

The replacement of former shipping minister Theodoros Dritsas signified that procedures for the privatization of Thessaloniki Port Authority (OLTH) are restarting. The procedure for the privatization of OLTH has restarted, with binding bids for the Athens-listed corporation expected for January. Even...

Piraeus Port Workers Prepare for Continuous Strike Over Privatization

Piraeus Port workers' unionists are preparing for a continuous strike in protest of the port's privatization and the new labor law that allows mass layoffs. The unionists have decided to start repeated 48-hour strikes on Monday. Docks II and III...

Tenders for Greece's Two Main Ports to be Announced Soon

The Greek government and the Hellenic Republic Asset Development Fund (HRADF) will announce the dates for the tenders of Greece's two main ports in the next two weeks. According to Greek government sources, the country’s privatization agency will soon...