No less than eight investment vehicles have submitted an expression of interest for the privatization of the Volos Port Authority S.A., in central Greece, according to the country’s privatization agency on Friday.
Specifically, the Hellenic Republic Asset Development Fund (HRADF), as the agency is officially called, said a relevant international tender foresees a minimum 67-percent stake in the specific port authority’s share capital.
The eight schemes are:
Advance Properties O.O.D.
A consortium of Goldair Cargo A.E. – Goldair Handling Α.Ε.
A consortium of Intrakat A.E. – Tekal S.A.
A consortium of Israel Shipyards Ltd – Helliniki Halyvourgia S.A.
Mariner Capital Ltd
QTerminals W.L.L.
GEK ΤΕΡΝΑ S.A.
Thessaloniki Port Authority S.A.
The tender foresees a 60-year concession from the moment of signing.
HRADF has appointed Deloitte Business Solutions S.A. and Euroconsultants S.A. to act jointly as financial advisors, and Doxiadis Associates is the technical adviser in the tendering process and transaction.
HRADF’s sole shareholder is the Hellenic Corporation of Assets and Participations (HCAP). The latter is the Greek state’s sovereign wealth fund, responsible for managing and optimizing public and state assets.