Astir Palace Tender Continues With 13 Bidders

Thirteen Greek and foreign companies and consortiums have been shortlisted for the second stage of the tender for the acquisition of a majority participation in the share capital of Astir Vouliagmenis S.A., Greek press reports said.

The tender has already entered its second phase and reports mention that some bids may be merged while there has also been interest from investors wishing to join the existing candidacies.

According to the tender’s timetable, binding offers must be submitted by 21 October 2013 but a short extension may be given.

The luxury resort at Vouliagmeni is expected to operate under new management next spring.

It is reminded that the tender involves the majority stake of shares (85 percent) in the share capital of the Astir Palace luxury resort complex.