02 Agustus 2015

[020815.EN.SEA] Maersk Group Eyes Piraeus and Thessaloniki Ports in Greek Fire Sale

THE Maersk group is lining up to acquire Greece's two biggest ports after Greek government put them on sale to fill the bankrupt nation's coffers to pay its Herculean debt load, according to Bloomberg.

"We're interested in Piraeus and Thessaloniki," said vice president of Maersk's port operator APM Terminals Francois-Xavier Delenclos.

The sale of major Greek assets, such as the ports of Piraeus and Thessaloniki, are a way for the country to get bailout money to keep its banks open while the EU works out a plan for insolvent Greece to repay its debts.

Source : HKSG.

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