International Container Terminal Services

Greece's privatization agency (TAIPED) asked on Friday for improved financial bids from short-listed investors seeking to buy a majority stake in its second-largest port.

TAIPED got three offers last month for the sale of a 67 percent stake in Thessaloniki Port, which is required as part of Greece's international bailout.

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.

Greece has received three binding bids for a majority stake in its second-largest port in Thessaloniki, the country's privatizations agency said on Saturday.

Phillipines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners submitted offers, it said.

Four foreign investors are expected to bid for a majority stake in Greece's Thessaloniki Port (OLTH) on Friday, the offer deadline, the port's top executive said on Wednesday.

The interest of the world's third biggest container shipping company in a 67 percent stake in Thessaloniki Port Authority (OLTH) has created fresh momentum in the project.

French firm CMA CGM has agreed to take part in a consortium that will bid for the stake through its Terminal Link subsidiary.

Three out of the eight parties interested in purchasing a majority stake in Thessaloniki Port Authority (OLTH) have dropped out of the race, as only five of the original candidates have responded to a new invitation for expressions of interest by state privatization fund TAIPED.