Greece launches sale for a majority stake in Crete port
ATHENS, April 5 (Reuters) - Greece on Monday launched a
tender for the sale of a majority stake in a port on the island
of Crete, a popular tourist destination in Europe.
The conservative government has been keen to attract
investment and upgrade its port facilities across the country
after years of underspending and a decade-long financial crisis.
Investors can submit expressions of interest for a 67% stake
in the port of Heraklion, the busiest on Crete, by July 30, the
country's privatisation agency, which is managing the sale, said
The port serves cruise ships, ferries and freight vessels.
Greece is also selling majority stakes in the ports of
Alexandroupolis and Igoumenitsa in northern and western Greece,
as part of a privatisation scheme aiming to raise 1.8 billion
euros ($2.11 billion) this year.
($1 = 0.8511 euros)
(Reporting by Angeliki Koutantou;
Editing by Alison Williams)
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