Igoumenitsa Port: Hellenic Asset Development Fund asks for improved bids

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The Hellenic Republic Asset Development Fund (TAIPED) last Thursday announced that its board of directors unsealed the three financial offers submitted for the acquisition of 67% of the share capital of Igoumenitsa Port Authority and decided to commence the process of improved financial offers.

Bids were submitted by the following investment schemes (in alphabetical order): Attica Holdings SA & Aktor Concessions SA; Grimaldi Euromed Consortium SpA – Minoan Lines SA & Investment Construction Commercial and Industrial SA; and the Thessaloniki Port Authority (OLTH).

Deloitte Business Solutions SA and Euroconsultants SA are acting as financial advisors; Your Legal Partners, Drakopoulos & Vassalakis Law Firm and Alexiou Kosmopoulos Law Firm as legal advisors; and Doxiadis Associates as technical advisors to TAIPED in the tender process.