The Grimaldi Group has been selected as bidder preferential for the acquisition of 67% of the share capital of the Port Authority of Heraklion, with value offer of 80 million euros that the Italian shipowning group has presented through the consortium formed by its own Grimaldi companies Euromed and Minoan Lines and that has surpassed that advanced by the consortium composed of GEK Terna, Aviareps Hellas and Nectar Holdings.

Announcing today the outcome of the examination of the two tenders, the Hellenic Republic Asset Development Fund (HRADF), the agency that manages the privatization of Greek assets, highlighted that the high price offered by the Grimaldi group "testifies to the Trust of the international investment community in development prospects of the port of Heraklion, in Crete, and the Greek economy as a whole'.

HRADF will now send tender documentation to the Court of the Accounts which will have to examine it in order to grant approval to continuation of which contracts will be signed.