ATHENS, Dec 15 (Reuters) - Greece has had to postpone the
signing of a deal to sell a majority stake in its second-biggest
port after the Russian guarantor bank, Promsvyazbank, was placed
under temporary administration.
A German-led consortium was due to sign the deal on Friday
to buy a 67 percent stake in Thessaloniki Port.
The signing was postponed to Dec. 21 "for reasons of force
majeure involving the Promsvyazbank Bank, namely the issuer of
the transaction's letter of guarantee," Greece's privatisations
agency HRADF said in a statement.
The agency said the postponement was "unexpectedly and
unpredictably imposed, due to a decision by the Central Bank of
Russia to put the above bank under temporary administration."
Promsvyazbank, one of Russia's biggest private lenders, was
placed under temporary administration as part of a bailout plan.
Greece has named Deutsche Invest and its partners, France's
Terminal Link SAS and Cyprus-based Belterra Investments, as the
winner of a tender for a 67 percent stake in the port.
The consortium has offered 231.9 million euros ($273.25
million) to take it over.
The sale of Thessaloniki port is part of a privatisation
scheme Greece has agreed under its latest bailout with its euro
zone and International Monetary Fund lenders.
(Reporting by Karolina Tagaris. Editing by Jane Merriman)
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