The port authorities of Piraeus and Thessalonica
The Greek government has put forward a plan to privatise part of the port authorities of Piraeus and Thessalonica – a move hotly contested by local organised labour unions.
At present, the Greek state holds a 74% of the shares in both Piraeus Port Authority (OLP) and Thessalonica Port Authority (OLTH) that are currently quoted on the Athens stock market and 100% of the remaining non-quoted equity. Under the plan, shares would be sold on to a strategic investor.
In addition, consolidation of Greek ports is also proposed. Those in the Attica region (Piraeus, Elefsina, Rafina and Lavrio) are to combined under one port administration and the others (Thessalonica, Kavala, Volos, Alexandroupolis, Heraklion, Patrasso, Corfu and Igoumenitsa) another.
Source: Port Strategy
