Greece’s privatisation agency has picked Grimaldi Group as its preferred bidder for a controlling stake in the port of Heraklion, the biggest city on the island of Crete.
Grimaldi and its Greek ferry unit Minoan Lines offered €80m ($86.4m) for a 67% stake in the Heraklion Port Authority.
This is Grimaldi’s second acquisition in Greece after an €84.7m
