ECONOMY

ETA assets’ binding bids

Four companies submitted binding bids to develop the saltworks at Anavyssos, Attica, while two binding offers were made for the Afantos golf course on the island of Rhodes, Hellenic Tourist Properties (ETA) said following the expiry of the first phase of the tenders for the two projects yesterday. ETA, the asset management arm of the Greek National Tourist Organization (GNTO), is selling off its assets to help the State fill its coffers. It is also banking on an infusion of private funds to upgrade state-owned facilities, the majority of which are below par. Previously, it had said it planned to set up a theme park based on Greece’s rich mythology at Anavyssos. The Afantos golf course, on the other hand, is to be upgraded. Construction firm Hellenic Technodomiki, a successful bidder together with the Hyatt Regency Hotel for the Mont Parnes casino on Mount Parnitha, submitted a joint bid with another construction company TEB for the Anavyssos project. Two other construction firms, Technical Olympic, on its own, and Empedos with Consolidated Development Corporation, which groups Kyriakoulis Mediterranean Cruises, Ledo International, St Regis Hotels and Resorts and Omni Hotels, also put in binding offers. Property developer Lamda Development teamed up with Odyssey Fun World Ltd Partnership for the fifth bid. The tender for upgrading the Afantos golf course drew bids from Hellenic Development, a consortium of Hellenic Development and Lanitis Development, and Rhodes Riviera Hotel Estate and Golf Development, which groups Faiax Aeta and construction firm AEGEK. ETA did not say when the winning bids would be announced. The company is scheduled to be floated on the stock market later this year.