Greece concludes tender for the sale of Skaramangas shipyards

07/07/2021 | HPPC in the News

ATHENS, July 7 (Reuters) – Greece on Wednesday concluded a tender for the sale of Hellenic Shipyards SA, the country’s biggest shipyards which has been under special administration, its finance minister said.

The debt-ladden shipyards, based in Skaramangas near Athens, are offering maintenance services to the Greek navy and the sale has been part of Greek government drive to overhaul its loss-making Greek defence industry and boost the country’s defence capabilities. A previous tender for the shipyards last year was inconclusive.

Forest Grove submitted the highest bid for the shipyards under administration, offering 25 million euros, Hellenic Shipyards SA said in a statement…

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