TAIPED

The agreement for the concession of Egnatia Odos between the Greek state and the Asset Development Fund (TAIPED), as well as the company Nea Egnatia Odos and the original shareholders, GEK Terna and Egis Projects was signed on Friday, according to TAIPED. 

The improved offer by the only candidate for the purchase of the state's 623,000-square meter property in the Ververonta area near Porto Heli in the Peloponnese was also judged to be too low.

This was the decision by the TAIPED board, putting an end to the second attempt in the last decade to utilize the property, advertised as even having the potential to develop a small airport.

The Superfund plans to have received binding financial offers for the concession of Kalamata airport by the end of June, so as to complete the signing of the concession contract by the end of the year, to be ratified by the Parliament.

The tender for the new 25-year concession of Attki Odos attracted record-level financial offers, but the highest binding financial offer among the six candidates that participated in the process was submitted by GEK Terna.

Interest in the initial public offering of Athens International Airport is surging, with prospective investors inquiring with advisers Bank of America, Deutsche Bank and Morgan Stanley and shareholder Hellenic Republic Asset Development Fund (TAIPED), the privatization agency.

The government is examining a plan for the return to the state of the depleted Prinos gas field south of Kavala after the second unsuccessful attempt by state asset fund TAIPED to keep alive the vision of utilizing it as a natural gas storage facility, this time with the possibility of mixing hydrogen.

Italian group Grimaldi, which controls 100% of Minoan Lines, bid 80 million euros for 67% of the Iraklio Port Authority and is acquiring a second Greek port of international interest.

The financial offer of the Italian group values the entire share capital of the largest port of Crete at €120 million.

The opening of the binding financial offers for 67% of Iraklio Port Authority had been scheduled for Thursday, but this is no longer expected to happen.

Both contenders have asked to examine the legalization documents of their competitor.

Their new deadline expires early next week, so it is likely that the financial bids will be unsealed at the board meeting next Thursday.

The board of the Public Employment Service (DYPA) is planning to create a modern shopping center in the facilities of the Olympic Village that have sat largely unused for almost 20 years.

Located north of Athens in Thrakomakedones, the complex contains more than 2,200 houses and 10,000 residents.

Athens International Airport shareholders have given the go-ahead for the sale of a 30% stake in the country's biggest airport by privatization agency TAIPED, a senior official from the agency said on Thursday.

The state-owned Hellenic Republic Asset Development Fund has hired Bank of America, Morgan Stanley and Deutsche Bank to act as advisers on the sale of its stake.