EuropePorts and Logistics
Bids for Thessaloniki port deemed too low
Greece’s Hellenic Republic Asset Development Fund has asked the three parties who bidded for the nation’s second largest port, Thessaloniki, to raise their offers. The fund deemed the bids from the three parties interested in taking a 67% stake in the port as too low.
DP World, ICTSI and a consortium featuring CMA CGM all lodged bids as part of Greece’s ongoing privatisation drive. Last year Cosco won the rights to privatise Greece’s largest port, Piraeus.