Greece to open Thessaloniki port financial bids this week

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.

The sale of a 67 percent stake in Thessaloniki Port, which is required as part of Greece's international bailout, began in 2014 but has been beset by delays. However, Athens invited shortlisted investors to submit binding bids last month and got three offers.

"The financial offers are expected to be opened near the end of the week," one of the officials told Reuters.

Those on the shortlist include Philippines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners which is bidding jointly with France's Terminal Link SAS.

The bidders will be asked to improve the price...