Greece has received three binding bids in the privatization process for Thessaloniki Port Authority. 

The bids came from the following consortia:

• International Container Terminal Services Inc.
• Peninsular and Oriental (P&O) Stream
• Deutsche Invest Equity Partners GmbH, Belterra Investments LTD and Terminal Link SAS.

The preferred bidder will have to implement investments of at least €180 million (US$194 million) within seven years.

As we reported in August 2015, the government of Greece had plans to sell a 67% stake of Piraeus Port Authority S.A. (OLP) and a 67% stake of Thessaloniki Port Authority S.A.

Thessaloniki Port facilities include a conventional port, container terminal, passenger terminal, duty free commercial area and others. Services provided include unitized and conventional cargoes, coastal shipping and cruise liner passengers, ship anchoring, mooring and berthing, as well as car parking lots and links with the road and railway network.