ATHENS, April 4 Greece will this week ask for
improved financial bids from shortlisted investors seeking to
buy a majority stake in its second-largest port, two officials
said on Tuesday.
The sale of a 67 percent stake in Thessaloniki Port
, which is required as part of Greece's international
bailout, began in 2014 but has been beset by delays. However,
Athens invited shortlisted investors to submit binding bids last
month and got three offers.
"The financial offers are expected to be opened near the end
of the week," one of the officials told Reuters.
Those on the shortlist include 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 bidders will be asked to improve the price offered and
once this stage is concluded, Athens could name a winner by the
middle of next month, the official added.
Thessaloniki Port has a market value of $214 million and had
a throughput of 344,277 20-foot equivalent units (TEUs) in 2016.
The buyer will operate the port for 40 years and will have
to spend 180 million euros ($192 million) by 2021 to upgrade it
and raise the throughput to 550,000 ΤΕUs.
($1 = 0.9387 euros)
(Reporting by Angeliki Koutantou; editing by Alexander Smith)