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Greece’s Hellinikon Tender Attracts Investor Interest, ANA Says

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March 7 (Bloomberg) -- There is significant investor interest in a majority stake in a project to develop Greece’s Hellinikon airport site, Athens News Agency reported, citing the Hellenic Republic Asset Development Fund’s head, Costas Mitropoulos.

Joint ventures are expected to be among bidders, who must submit initial interest by March 30, Mitropoulos told a committee in parliament in Athens today, according to ANA. To qualify to proceed to the tender’s second phase, bidders will have to submit a master plan, have holdings of at least 350 million euros ($458 million) and provide a letter of guarantee from a bank, ANA cited him as saying.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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