20.2.13
It appears that the French President’s trip to Athens has reignited interest from investors. According to senior cabinet sources, Qatari investors have shown interest in the competition for the Elliniko investment, by signing the necessary confidentiality clauses, despite withdrawing from negotiations a month ago.
The state Qatari Diar fund ultimately withdrew from the competition a month ago, a few days after the Prime Minister Antonis Samaras visited the Emir. A few days earlier, American real estate tycoon Donald Trump also withdrew from the competition. The confidentially agreement was then signed by three firms; the Israeli firm Elbit Cochin Ltd, the British firm London & Regional Properties and the domestic Latsi Group’s Lamda Development. TAIPED announced that technical offers are to be submitted in July.
The Qatari investment fund originally expressed its preference for a direct transnational agreement, instead of a competition, so a lot appears to have changed to improve the climate since the PM’s visit to Qatar. The bidding war between the four prospective investors will be interesting.
