TAIPED finalizes plans for the sale of 67% share in Port of Piraeus

The state privatization fund TAIPED convened yesterday and finalized its plans regarding the sale of a 67% stake in the Port Authority of Piraeus (OLP).

After finalizing the plans, TAIPED will send a copy of the terms of the sale to Parliament for consideration. A few weeks ago the Ministry of Shipping decided to include a clause stipulating that the investments of perspective bidders must be taken into consideration.

Ultimately though the Ministry’s clause was abandoned, as there was a distinct possibility that the European Commission would veto the clause as it raises issues of government subsidies.

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