The board of directors of TAIPED decided to cancel the tender process for the sale of a majority share of the share capital of the Alexandroupoli Port Organization and to immediately take initiatives for its further development.
The board of TAIPED decided to cancel the tender process for the sale of a majority of the share capital of the Alexandroupolis Port Authority and to immediately undertake, in cooperation with the ministries of Finance and Shipping and Island Policy, the initiatives for its further development.
Recently, Prime Minister Kyriakos Mitsotakis described the port of Alexandroupoli as “of great strategic, geopolitical and energy importance” and confirmed that it is not for sale, as at the present time there is no reason for it to fall into the hands of a foreign investor.
At the same time, the Fund decided the following:
-LARCO GENERAL MINING AND METALLURGY S.A.
The selection as a preferred investor of the consortium consisting of the companies GEK TERNA-AD Holdings AG, for the lease of the public mine of Larymna and the public mine of Loutsio which are under the management of LARCO General Mining and Metallurgical SA. and the initiation of the bidding process on both sides if activated.
-Bathroom of Burnt Vourlos
The unsealing of the financial offer submitted on October 31 by the investment scheme consisting of the association of companies GALINI XENODOCHIAKES TURISTICES KE EMPORIKES EPICHIRISIS S.A. and STARITEM INVESTMENTS PLC, for the exploitation with a long-term lease of 40 years of the property “Loutropolis Kameno Vourlon”. The valuation of the independent appraiser for the rental value of the property was also unsealed. The above is being examined by TAIPED and decisions are expected at the next meeting of the board of directors.
The property, with a total area of 474,524 sq.m., includes the facilities of the “Galini” hotel and the “Hippokratis” hydrotherapy center, which are in operation, the designated monuments, the “Radion” and “Thronion” hotels and the also designated as a preserved monument hydrotherapy center “Asklipios”, which are abandoned. Within the area is the “Georgala” thermal spring, which has been recognized since April 2020.
The financial consideration includes a one-time payable consideration of at least 1 million euros and annual rent, while the bidder, through the lease agreement, will be called upon to implement mandatory investments in order to upgrade and modernize the property.
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