Nine Suitors Bid for Crete’s Heraklion Port

Photo source: HRADF

Nine potential investors are interested in acquiring a majority stake of at least 67 percent of the Heraklion Port Authority SA on the island of Crete, the Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, recently announced.

Suitors include the Aktor Concessions SA – Attica Group consortium; a consortium named Gray Pier Heraklion Port, composed of the companies Industrial & Hotel Enterprises SA – FHL. H. KIRIAKIDIS Marbles & Granites SA; the Gek Terna SA – Aviareps Hellas SA consortium; the Grimaldi Euromed S.p.A. – Minoan Lines Shipping SA consortium; the Portek International Private Pte Ltd – GPH Cruise Port Finance Ltd consortium; the Sekavin SA – Goldenstep Shipping Ltd consortium; Olete Ltd; Tekal SA; and the Thessaloniki Port Authority SA.

HRADF’s advisors will evaluate the nine expressions of interest and submit their recommendation to the fund’s Board of Directors regarding the candidates that qualify for the next phase of the tender (binding offers phase).

The Heraklion Port Authority has the right to exclusively use and operate the buildings, land and facilities of the port land-side zone of Heraklion’s port until January 2063 by virtue of a concession agreement with the Hellenic Republic.