The Board of Directors of the Hellenic Republic Asset Development Fund (HRADF) announced that eight investors have qualified for the next phase of the tender process for the acquisition of a 67% stake of Thessaloniki Port Authority S.A.The eight qualifying investors are the following:
The Board also approved the key tender documents that are the Request for Proposals (RfP), the draft Sale Purchase Agreement (SPA) and the draft Shareholders Agreement (SHA).
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.
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.