Three binding offers have reportedly been submitted for the Henry Dunant hospital in Athens, once the flagship facility of the Hellenic Red Cross in the country before it was taken over by its main creditor, Piraeus Bank.
Three binding offers have reportedly been submitted for the Henry Dunant hospital in Athens, once the flagship facility of the Hellenic Red Cross in the country before it was taken over by its main creditor, Piraeus Bank.
The three candidates, according to reports, are Μubadala Investment Co. one of Abu Dhabi's sovereign funds; San Francisco-based Farallon Capital Management, and the Onassis Foundation.
The latter is a somewhat surprise development, one that nevertheless has caused some controversy, given that Greek Prime Minister Alexis Tsipras last month appeared to intervene in the tender process to sell-off the bankrupt hospital. Speaking from Thessaloniki, the Greek prime minister insinuated that the debt-ridden facility was "stolen" from the state's clutches, as well as warmly referring to the prospect of the Onassis Foundation winning the tender and then granting the facility to the state.
Based on unconfirmed reports from market sources in Athens on Monday evening, Μubadala has offered the highest bid in the non-binding phase, roughly 80 million euros; approximately 70 million euros by Farallon Capital Management.
At the same time, the Onassis Foundation has reportedly submitted a non-binding bid of between 40 to 60 million euros.
Piraeus Bank, among others, estimates the hospital's value at between 80 to 100 million euros.
Another report making the real estate market rounds in Athens is a bid by a consortium comprised of two companies: one interested in the medical facility and its operation, and the other in property redevelopment.