Nine expressions of interest for major stake of Heraklion Port Authority on Crete

Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF), on Friday announced that nine interested parties submitted an expression of interest for the acquisition of a majority stake of at least 67 percent of the Heraklion (Irakleio) Port Authority, which operates the largest port on the island of Crete.

Expressions of interest were submitted by the following:

1) A consortium composed of the companies AKTOR CONCESSIONS S.A – ATTICA GROUP

2) The consortium “GRAY PIER HERAKLION PORT”, composed of the companies INDUSTRIAL & HOTEL ENTERPRISES S.A. – FHL. H. KIRIAKIDIS MARBELS-GRANITES S.A.

3) A consortium composed of the companies GEK TERNA S.A. – AVIAREPS HELLAS S.A.

4) A consortium composed of the companies GRIMALDI EUROMED S.p.A. – MINOAN LINES SHIPPING S.A.

5) A consortium composed of the companies PORTEK INTERNATIONAL PRIVATE LIMITED – GPH CRUISE PORT FINANCE LTD.

6) A consortium composed of the companies SEKAVIN S.A. – GOLDENSTEP SHIPPING LIMITED

7) OLETE LMITED

8) TEKAL S.A.

9) The THESSALONIKI PORT AUTHORITY S.A.

According to a same-day press announcement, HRADF’s advisors will evaluate the Expressions of Interest and submit a recommendation to the agency’s board of directors regarding the candidates that qualify for the next phase of the tender, i.e. the binding offers phase.

The Heraklion Port Authority has the right to exclusively use and operate the buildings, land and facilities of the port land-side zone of the port by virtue of a concession agreement with the Greek state.