7/13/2015

Greece is Selling Two Key Ports

The Tsipras government is now supporting a previous proposal that would sell the government’s stake in two key ports of Pireaus and Thessaloniki. APM Terminals, a subsidiary of A.P Moller-Maersk has voiced strong interest in buying the ports, which Greece owns more than three-quarters of. The Greek government will use the monies to help offset the country’s creditors if a bailout deal is made between Greece and the EU. Greece will announce binding bid dates no later than October 2015.