Greece's Thessaloniki Port Authority said on Wednesday Hutchison Port , teamed up with Greek pharmaceutical group Alapis, was the preferred bidder of a tender to run its cargo facilities.
Greece, with two of the largest ports in the Mediterranean, has launched tenders to sell and modernise outdated facilities at Piraeus and the northern city of Thessaloniki ports, to turn them into regional hubs and boost cargo business.
"The Board of Directors decided to name the joint venture of Hutchison port Holdings and Alapis ... as the provisional highest bidder," OLTH said in a bourse filing.
"The consortium will be asked to submit the additional documents (requested) in order to be appointed the provisional concessionaire and for the negotiation ... to be initiated."
Hutchison Port Holdings (HPH), which has operating rights in 45 ports around the world and is the port operating arm of Hong Kong's Hutchison, has offered 3.1 billion euros for the project. Teamed up with Alapis , it will operate the ports' commercial dock for up to 35 years.
Cosco Pacific , the world's fifth container port operator and the winner of the tender to run Piraeus Port , offered 881 million euros with a 70 percent guarantee and said it would invest 331.5 million euros in upgrades.
A joint venture led by Dubai Ports DBW.DI, the world's fourth-largest port operator and an affiliate of state-owned investment group Dubai World, offered 430 million euros for the project with a 70 percent guarantee and 468 million euros for upgrades.
Greece, with two of the largest ports in the Mediterranean, has launched tenders to sell and modernise outdated facilities at Piraeus and the northern city of Thessaloniki ports, to turn them into regional hubs and boost cargo business.
"The Board of Directors decided to name the joint venture of Hutchison port Holdings and Alapis ... as the provisional highest bidder," OLTH said in a bourse filing.
"The consortium will be asked to submit the additional documents (requested) in order to be appointed the provisional concessionaire and for the negotiation ... to be initiated."
Hutchison Port Holdings (HPH), which has operating rights in 45 ports around the world and is the port operating arm of Hong Kong's Hutchison, has offered 3.1 billion euros for the project. Teamed up with Alapis , it will operate the ports' commercial dock for up to 35 years.
Cosco Pacific , the world's fifth container port operator and the winner of the tender to run Piraeus Port , offered 881 million euros with a 70 percent guarantee and said it would invest 331.5 million euros in upgrades.
A joint venture led by Dubai Ports DBW.DI, the world's fourth-largest port operator and an affiliate of state-owned investment group Dubai World, offered 430 million euros for the project with a 70 percent guarantee and 468 million euros for upgrades.