ECONOMY

Call for Thessaloniki port bids in September

Call for Thessaloniki port bids in September

Greece will invite investors to submit binding bids for a majority stake in the country’s second largest port in Thessaloniki at the end of September, sources close to the privatization said on Monday.

Under its third international bailout agreed in July, Greece will sell a 67 percent stake in the port.

Investors will be asked to make mandatory investments of about 220 million euros in the port, one of the sources said.

Denmark’s container terminal operator APM Terminals, Philippines-based International Container Terminal Services (ICTS) and Dubai-based P&O Steam Navigation Company (DP World) were strongly interested in the Thessaloniki port, the head of the country’s privatization agency said last month.

[Reuters]