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GreekReporter.comBusinessTAIPED Changes Conditions of the Thessaloniki Port Authority Acquisition

TAIPED Changes Conditions of the Thessaloniki Port Authority Acquisition

Thessaloniki portOn Thursday, the Hellenic Republic Asset Development Fund (TAIPED) announced a change in the conditions of the ongoing tender process for the acquisition of the majority of the share capital of the Thessaloniki Port Authority in Northern Greece.
The tender process for the Thessaloniki Port Authority, the country’s second largest container port after the port of Piraeus, is currently in its second phase.
TAIPED decided that the winner of the process will now get 51% of the share capital of the port instead of the original 67% and it will receive the remaining 16% five years later after a number of agreed investments.
“The amended terms will be communicated to all investors who have been qualified for the second phase of the process, and according to the timetable, binding bids are expected in February 2016,” TAIPED’s announcement notes.

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