Eight bids received for Thesalonikki port privatization

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Eight bids received for Thesalonikki port privatization

Eight teams has bid in the tender process for the sale of a 67% stake of Thessaloniki Port Authority S.A., a Greece-based company involved in the management and operation of Thessaloniki port.

The eight teams that has bid are the following:

Morgan Stanley, Piraeus Bank, Marnet S.A., HPC Hamburg Port Consulting GmbH, Freshfields Bruckhaus Deringer LLP, Alexiou-Kosmopoulos Law Firm are acting as advisers to the fund in connection to the process and the transaction.

The advisors of the Hellenic Republic Asset Development Fund (HRADF) will evaluate the above Expressions of Interest and submit to HRADF's Board of Directors their recommendation as to which candidates qualify for the next phase of the tender.

Thessaloniki Port Authority SA, incorporated in 1999, is a Greece-based company involved in the management and operation of Thessaloniki port. Its facilities include a conventional port, container terminal, passenger terminal, duty free commercial area and others. Services provided include unitized and conventional cargoes, coastal shipping and cruise liner passengers, ship anchoring, mooring and berthing, as well as car parking lots and links with the road and railway network.

The conventional port is equipped with self-moving cranes, diesel skid units, derricks and tractors. The passenger terminal offers waiting rooms, cafeterias, card phones, trolleys for the luggage transportation, taxi station, parking areas and kiosks offering special services and tourist information. The company's main clients include industries, shipping and transit agents, and container transportation companies.

 

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