The board of Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF), on Thursday announced that its “preferred investor” for acquisition of a majority stake (67 percent) in the Igoumenitsa port authority is a consortium comprised of Grimaldi Euromed, Minoan Lines and Investment Construction Commercial.
The total consideration cited in the winning bid is 84.17 million euros.
The port of Igoumenitsa is located in extreme northwest Greece, on the mainland across from the island of Corfu and just south of the border with Albania. The port lies on the western-most end of the Egnatia motorway that runs across the breadth of northern Greece.
Grimaldi, a major ferry and shortsea shipping multinational based in Naples, is also the parent company of Minoan, one of the biggest coastal shippers in Greek waters.
According to a HRADF press release, the file relating to the tender process will be submitted to Greece’s Court of Audit for a customary pre-contractual audit.
