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Friday, December 15, 2017

Greece Calls for Improved Thessaloniki Port Bids

April 9, 2017

Map: Thessaloniki Port Authority (THPA)

Map: Thessaloniki Port Authority (THPA)

 Hellenic Republic Asset Development Fund (HRADF) asked for improved financial bids from short-listed investors seeking to buy a majority stake in its second-largest port, reports Reuters.

 
Greece’s privatization agency (TAIPED) got three offers last month for the sale of a 67 percent stake in Thessaloniki Port, which is required as part of Greece’s international bailout.
 
The investors are Philippines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners, which is bidding jointly with France’s Terminal Link SAS.
 
The preferred bid is expected to be announced in mid May.The tender refers to a 40-concession for the port authority with an obligation to invest at least 180 million euros for Greece's second largest port by 2021.  
 
Constantinos Mellios, chairman of Thessaloniki Port Authority, had stated that the winner of the tender will take over operations of the port in autumn 2017.
 
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