PILIOS | Attorneys at Law represented an international investor group in the electronic bidding procedure of the Greek Privatization Fund. The submission of the bid was preceded by the examination of the property and its eligibility for the operating licensing within the framework of due diligence.
The bid was legally valid. However, the contract was awarded to one of the co-bidders with a bid of almost €3 million.
The object under privatization is a historic hotel with 40 rooms, two recognized medicinal springs and a historic bath on a Cycladic island.
