Greece gets five initial bids for Kavala port terminal

Greece has received five non-binding bids to operate part of a port in northern city of Kavala, the country's privatisation agency (HRADF) said on Friday.

ATHENS, Oct 23 (Reuters) - Greece has received five non-binding bids to operate part of a port in northern city of Kavala, the country's privatisation agency (HRADF) said on Friday.

HRADF received expressions of interest for a sub-concession to operate a multi-purpose terminal of Philippos II port, currently operated by Kavala Port Authority.

The initial bidders are a consortium of IMERYS SA, Goldair Cargo and I.M.G., and the International Port Investments Kavala consortium, which includes Black Summit Financial Group, EFA Group and GEK TERNA. Also bidding are PFIC Ltd, Quintana Infrastructure & Development and finally Thessaloniki Port Authority .

Greece embarked on an ambitious privatisation plan in 2010, at the start of a decade-long financial crisis, to help reduce its public debt and attract investors to overhaul and boost the business of its assets.

The country has raised about 7 billion euros so far from the programme, which includes the sale of stakes in ports and gas utilities.

HRADF said its advisors will evaluate the expressions of interest and submit recommendations to its board on which candidates will qualify for the next phase of the tender which will involve binding bids. (Reporting by George Georgiopoulos and Angeliki Koutantou and David Evans) ((george.georgiopoulos@thomsonreuters.com; +30210 337 6437; Reuters Messaging: george.georgiopoulos.thomsonreuters.com@reuters.net)) Keywords: GREECE PORT/PRIVATISATION

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More