Nine Foreign Investors Make Bid for Greek Port of Igoumenitsa

ATHENS — Greece's long-stalled sell-off of state enterprises required under deals with international creditors putting up 326 billion euros ($380.69 billion) in three bailouts is picking up again, with interest keen in taking a controlling 67 percent state in the western port of Igoumenitsa.

There were nine bids to the privatization agency TAIPED, including from Aegean Oil, Attica Holdings and a consortium comprising Archirodon Group, ANEK and Trident Hellas Group, said the news agency Reuters.

The other bidders were a consortium comprising Grimaldi Euromed and Minoan Lines, as well as Danthia Shipping, MRG Ltd, Portek International, Quintana Infrastructure and Thessaloniki Port Authority, the agency said.

The privatization plan began in 2010 but was constantly beset by delays, changes in TAIPED and fell far behind its goals as part of plans for the country to put many state enterprises in the hands of investors to manage.

It has brought in about 7 billion euros ($8.17 billion) so far, about 15 percent of the goal, with majority stakes in the port of Alexandroupoli and a sub-concession for the port in Kavala, both in northern Greece, sold off.


NICOSIA — The European Union has earmarked 657 million euros ($736 million) for the construction of a a 2,000-megawatt undersea electricity cable that will link the power grids of Israel, Cyprus and Greece, Cypriot Energy Minister Natasa Pilides said Thursday.

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