Lamda Development announced that it has signed a purchase and sale contract with Skriti Enterprises Company Limited.
PRIVATIZATIONS
GEK Terna has signed a 3.3 billion euro deal for the lease of a toll highway in Athens, two sources with knowledge of the matter have told Reuters.
Greece plans to conclude the re-privatization of its banks by early October with the sale of its last stake in National Bank, two sources familiar with the matter told Reuters on Wednesday.
A 40-year concession contract to develop Pylos Marina worth at least 1.5 million euros was signed on Tuesday by the state and the Hellenic Republic Asset Development Fund (TAIPED) on one side, and Pylos Marina SA, the preferred bidder, on the other.
The government is aiming to allocate 10% of the total 18.39% still controlled by the Hellenic Financial Stability Fund (HFSF).
Growth and profit opportunities for the Athens International Airport (AIA) make its stock a very attractive proposition, according to analysts.
The 22 regional airports not yet privatized, and controlled by the Civil Aviation Authority, are in urgent need of repairs and expansion in order to accommodate increased demand.
Lamda Development will finance the cost of developing its two malls at the Ellinikon project through bank credit.
Kition Ocean Holdings has launched a scathing critique of the Cypriot government’s handling of the transition of operations at Larnaca Port and Marina.
The cooperation between shipowner George Procopiou and Lamda Development will be of a strategic nature, after the acquisition of a 2% stake in the listed company’s share capital for an amount of 25 million euros.
The Greek government and the European institutions responsible for banking supervision and financial stability co-shape the provisions for the reforms promoted by the Ministry of National Economy and Finance in the Superfund, the Hellenic Financial Stability Fund (HFSF) and the state asset utilization fund (TAIPED).
Greece will set up its first sovereign wealth fund to sell state assets such as estate property, ports and public utilities that were not sold during its debt crisis, its finance minister said on Tuesday.
Strong investment interest has been officially expressed for the majority stake in Lavrio Port Authority.
Cyprus’ Transport Minister Alexis Vafeades announced on Thursday that Qatar and other international investors have shown interest in the development of Larnaca Port and Marina.
The government is planning for the creation of small holding companies of public interest that will be endowed with appropriately selected properties.
Data solidify Piraeus’ position as the fourth top port in Europe.
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