Grimaldi Euromed SpA

The controlling stake of 67% in Iraklio Port Authority will be transferred in the next few weeks to Italy's Grimaldi Group, which prevailed in the relevant tender. It will be preceded by the ratification of the concession contract by the Parliament and the financial settlement of the transaction.

Minoan Lines, part of Italy's Grimaldi Group, on Tuesday announced it is halting its Adriatic routes after 35 years.

The Greek company will instead operate as the general sales agent in Greece for its parent group and seek new domestic routes.