News & Media

Hellenic Republic found liable towards Hellenic Shipyards for more than €200million

  Hellenic Republic found liable towards Hellenic Shipyards for more than €200million 5 October 2017, Athens, Greece. Privinvest, of which Hellenic Shipyards forms part, makes the following comment following the ruling by the International Court of Arbitration of the International Chamber of Commerce (“ICC”): Seven years ago our group’s investment in Greece was euphorically announced … more

Privinvest acquires AMT, the Swiss-based subsidiary of Necotrans

Privinvest acquires AMT, the Swiss-based subsidiary of Necotrans.   Privinvest confirms that, with the authority of the Tribunal du Commerce de Paris, it is acquiring AMT, the Swiss based holding company of Necotrans. AMT’s operations in Africa are complementary to Privinvest’s industrial activities. AMT’s yearly turnover exceeds 150 million Euros and employs more than 500 … more

Privinvest Group delivers the most advanced sail-assisted superyacht “Sailing Yacht A”

Privinvest Group delivers the most advanced sail-assisted superyacht “Sailing Yacht A” Privinvest is proud to announce the delivery of the most advanced sail-assisted superyacht ever built: “Sailing Yacht A”. Measuring close to 143 meters (468ft) with a gross tonnage of nearly 12,600 GT; has become one of the greatest PYC superyachts in the world in … more

Privinvest forms joint venture for shipbuilding and the maritime economy in Angola

Privinvest, the Middle East based shipbuilding group, is pleased to announce the start of a major shipbuilding and maritime economy programme with the Republic of Angola. The programme will initially see Privinvest provide a range of vessels for the Angolan Navy. In parallel, Privinvest together with Simportex, will develop and operate a shipyard in Angola. … more

Angola announces hydrokinetic power program with Privinvest

The Ministry of Energy and Water of the Republic of Angola has signed a memorandum of understanding (“MOU”) with Privinvest, the Middle East headquartered industrial group, to introduce hydrokinetic power generation over the next decade. As a result of the presidential order of June 3rd 2016, the MOU was signed within the context of the … more

Iskandar Safa submits claim against the Hellenic Republic with ICSID

Beirut, 22 Jun 2016. On 13th June 2016, Mr Iskandar Safa submitted a request for arbitration against the Hellenic Republic at the World Bank’s International Centre for Settlement of Investment Disputes (ICSID). Mr Safa co-owns the Privinvest Group, a global player in the shipbuilding industry, which took control of Hellenic Shipyards SA (HSY) in late … more

Privinvest comments on Mozambique maritime contracts

Privinvest has noted recent inaccurate comments in the media with regards to maritime programs executed by Privinvest for entities owned by the Government of Mozambique. These programs were deemed by Mozambique as necessary to build a local industry to contribute to the economic development of the country and in order to establish sovereignty over its … more