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Tuesday, April 15, 2014

Greece launches int'l tender for Thessaloniki port privatization

by  XINHUA

  ATHENS, April 14 (Xinhua) -- The Greek government launched on Monday the process for the privatization of the northern port of Thessaloniki, part of a wider program of privatization of state assets aimed to support efforts to beat the debt crisis.

     The Hellenic Republic Asset Development Fund (HRADF) issued a statement inviting all parties interested to participate in the international tender to submit an expression of interest for the acquisition of a majority stake of 67 percent of Thessaloniki Port Authority by June 5.

     Thessaloniki port, Greece's second largest port after Piraeus port, is considered as a particularly profitable port with cargo traffic on the rise.

     Its sell-off is expected to contribute significantly to the 1.5 billion euro (2 billion U.S. dollars) revenue target set for 2014 for Greece's overall privatization program. 


READ THE ORIGINAL POST AT www.neurope.eu