Aktor Concessions SA has been nominated as the preferred bidder for the granting of the right to use and exploit the marina ofAlimos for a period of 40 years, through an e-auction procedure that the Hellenic Republic Asset Development Fund (HRADF) incorporated for the first time in a concession tender, a press release by Greece's privatization agency noted on Tuesday.
Aktor Concessions SA has been nominated as the preferred bidder for the granting of the right to use and exploit the marina ofAlimos for a period of 40 years, through an e-auction procedure that the Hellenic Republic Asset Development Fund (HRADF) incorporated for the first time in a concession tender, a press release by Greece's privatization agency noted on Tuesday.
The e-auction was conducted the same day.
Total consideration for the HRADF is €57.5 million (NPV) offered by Aktor Concessions.
The value of the agreement amounts to a total consideration of at least €177 million, as it includes, in addition to the price that will be paid with the beginning of the concession, an annual concession fee and a revenue-sharing agreement expressed as a percentage of the marina’s annual turnover.
The concessionaire will proceed with investments of €50 million within the next five years.
The file of the tender process will be submitted to Greece's Court of Audit for pre-contractual review.