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…
Read the full article here: Reuters.com
