The General Assembly of the stockholders of PPA SA was completed today (28.06.2013)

Pireaus,  28.06.2013

Press Release

The General Assembly of the stockholders of Piraeus Port Authority (PPA SA) was completed today, which voted unanimously all the issues which were put forward concerning the financial report of 2012 and prospects for 2013.
In his main speech, the President and CEO Mr. George Anomeritis, stressed that for PPA 2012 was the third profitable year in a row and that 2013 will be even better. He referred to the positions taken of the European port system for ownership and concessions, stating that the current legal framework of the Memorandum III (Law 4093/2012) speaks of “utilizing the ports through concessions rather than through sale of their shares”. Of course all privatization issues will be discussed provisionally, as agreed between the Hellenic Republic Asset Development Fund (TAIPED) and PPA in a meeting with the Minister of Marine and the Aegean Mr. Miltiadis Varvitsiotis and then the government will take the final decisions.
Mr. George Anomeritis explicated sizes, opportunities and prospects for the container terminal, car terminal and cruise industries, concluding that the PPA, which is due to its size the national port of the country, will become “the main growth engine” during these challenging times, as characterized by the Commissioner Mr. Slim Kalas.
At the General Assembly, the President of the Federation of Greek Port Employees (OMYLE) Mr. George Georgakopoulos also spoke, who argued against the privatization of the ports of the country.
In the Annual General Assembly participated shareholders, representing 82.72% of the shares and of course the TAIPED, which proposed and the General Assembly elected as a new Board member, Ms. Elizabeth Argyropoulou, executive of TAIPED.