terminal link sas

Owners of the newly-privatized port of Thessaloniki, in Greece's second-largest city, say they will need to spend an additional 27 million euros ($33.4 million) on unforeseen equipment repairs and upgrades, arguing that facilities were in far worse condition than described by the previous, state-appointed management.

Greece concluded the sale of 67 percent stake in Thessaloniki port, the country's second-largest, to a German-led consortium, its privatizations agency said on Friday.

An agreement for the sale of 67 pct of the Thessaloniki port to South Europe Gateway Thessaloniki (SEGT) Limited, was signed at the offices of the Hellenic Republic Asset Development Fund (HRADF) on Thursday, following the approval of the Greek Court of Audit./greece.greekreporter.com

Following a significant delay, state sell-off fund TAIPED announced on Monday that the consortium of Deutsche Invest Equity Partners (DIEP) with the subsidiary of France's CMA CGM, Terminal Link SAS, and Belterra Investments of Ivan Savvidis is the preferred bidder for the concession of a 67 percent stake in Thessaloniki Port Authority (OLTH).

Greece has received three improved binding financial bids for a majority stake in Thessaloniki Port Authority (OLTH), its second-largest, the country's privatization agency (TAIPED) said on Friday.

Last month TAIPED got three bids for a 67 percent stake in Thessaloniki Port.

Greece will this week ask for improved financial bids from shortlisted investors seeking to buy a majority stake in its second-largest port, two officials said on Tuesday.