Five companies submit bids for 51% stake in Lavrio Port Authority

Greece’s Growthfund has received five binding offers for the acquisition of a 51% majority stake in Lavrio Port Authority SA, the country’s third-largest port in Attica.

Interested parties include:

• Consortium of GEK Terna with Celestyal.

• Consortium of Interkat, Beaufort Sea Shipping Corporation, and Newsphone Hellas.

• Consortium of Olympic Marine with Cruise Terminal Investment Limited.

• Israel Shipyards Industries Ltd.

• Jet Plan Shipping Co Ltd.

The evaluation of these submitted offers will begin promptly. Offers that meet the tender’s criteria will be unsealed at an upcoming Superfund board meeting.

The privatization effort is a part of Greece’s broader strategy to stimulate the economy through targeted privatizations. Lavrio’s strategic location near Athens positions it well to boost both commercial and cruise tourism capabilities. This is particularly relevant given the substantial growth in Greece’s tourism sector, which saw over 40.7 million visitors in 2024. A significant portion of these tourists travel between Athens and the Greek islands by sea.

Of total arrivals, cruise tourism alone contributed EUR 1.1 billion in 2024, marking a 22.4% increase compared to 2023. Greece welcomed an estimated 5 million individual cruise passengers in 2024.

Lavrio’s geographic position offers a logistical advantage, reducing transit times to many Aegean destinations by 30 to 50 minutes compared to other ports.

Source:

Five bidders apply for Lavrio Port Authority  22 June 2025

Hellenic Ports Association  18 March 2025

Cruise tourism breaks records in Greece: €1.1 billion and 5 million passengers in 2024  12 May 2025