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Three port privatisations draw strong interest from investors

At the end of June, or the beginning of July, the submission of binding offers for the three regional ports is expected via tenders that will be at an advanced stage.

Tenders launched by Greece's privatisations office HRADF on the development of three ports (Igoumenitsa, Alexandroupolis, Kavala) have drawn strong interest from investors in Greece and abroad.

At the end of June, or the beginning of July, the submission of binding offers for the three regional ports is expected via tenders that will be at an advanced stage.

Within March it will be clear which investors will pass onto the second and final stage of the sale of 67% of the Igoumenitsa Port Authority (OLIG), and of the Alexandroupolis Port Organization (OLA), as well as for the concession of the pier "Filippos B '" in the port of Kavala.

HRADF's goal is to also announce within the next quarter the tenders for the sale of the posrt in in Volos and Heraklion, as well as the concession of the new port of Patras.

The interest for ports, as reflected in the first three tenders, is strong mainly from domestic groups in the field of shipping and logistics. An example is the tender for 67% of OLIG. where OLTH, the Grimaldi Euromed - Minoan Lines consortium, Aegean Oil, Attica Holdings, Danthia Shipping, MRG, Portek International, Quintana Infrastructure & Development as well as the Archirodon - ANEK - Trident Hellas consortium expressed interest.

America's Quintana Infrastructure & Development also expressed interest in 67% of OLA. where a second company from the USA appeared, Black Summit, which participates in a joint venture with GEK TERNA, Euroports and EFA Group. The port of Alexandroupolis is also being sought after by the joint venture of the Kopelouzos group with Goldair Cargo and the French Bollore, as well as OLTH.

Finally, for the pier "Filippos B" of the port of Kavala, interest has been shown by the Goldair Cargo-IMG-Imerys joint venture, OLTH, Quintana Infrastructure & Development, PFIC Ltd which is said to be connected with L. Lavrentiadis, and also Black Summit consortium - EFA Group - GEK TERNA.

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