BUSINESS

Entire 67 pct stake in Thessaloniki Port up for grabs

TAGS: Privatizations

The stake of 67 percent in Thessaloniki Port Authority will be immediately conceded in its entirety to the winning bidder of the tender, according to the draft contract forwarded to short-listed candidates.

The original plan had been for the concession of 51 percent at first and the remaining 16 percent at a later date.

The contract also provides for investments of 180 million euros within seven years.

Next month privatization fund TAIPED will set a February 14 bidding deadline.

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