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Greece’s new government to cancel privatisations plans

The new Greek government announced that the state privatization fund (TAIPED) will halt the sale of 67 percent stake in the port of Piraeus, the deputy minister in charge of shipping informed. “We will not sell a majority stake in Piraeus port,” Thodoris Dritsas told Reuters. “The Cosco deal will be reviewed to the benefit of the Greek people.”

Before the elections, Syriza had announced it would halt the sale of state assets. In a similar process, Port of Thessaloniki, along with railway operator TRAINOSE and Hellenic Company for Rolling Stock Maintenance S.A. (ROSCO) privatisation plans are to be canceled.

The companies qualified for phase B of the tender process for the acquisition of 100% of TRAINOSE  shares were Romania’s Grup Feroviar Roman (GFR), SNCF and Russian Railways  (RZD)- GEK TERNA consortium. RZD – GEK TERNA consortium, Alstom Transport SA – DAMCO Energy SA consortium and Siemens were the investors invited to participate in phase Β of the tender process for the acquisition of 100% ROSCO shares.

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