ICTSI receives legal advice for Thessaloniki bid
The Philippines-headquartered ICTSI is being advised by legal specialist Holman Fenwick Willan (HFW) on its bid for a 67% stake in the Thessaloniki Port Authority S.A. (ThPA), Greece.
The port operator is one of three bidders which have submitted a final bid, including DP World and a consortium comprising Deutsche Invest Equity Partners GmbH, Belterra Investments LTD and Terminal Link SAS.
The tender, which was originally launched in April 2014 as part of the Hellenic Republic Asset Development Fund’s €50bn asset privatisation programme, initially involved the sale of a 51% stake.
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