Five teams shortlisted for Piraeus port privatization

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Five teams shortlisted for Piraeus port privatization

Five teams has been shortlisted in the tender process for the sale of a 67% stake of Piraeus Port Authority S.A. (OLP), the company that provides port services at the port of Piraeus, Greece.

The submission of binding offers is expected in July 2014. The five teams shortlisted are the following:

Cartesian Capital Group LLC was the sixth firm that submitted non-binding bids in the tender process but it has been disqualified.

Morgan Stanley, Piraeus Bank, Marnet S.A., HPC Hamburg Port Consulting GmbH, Freshfields Bruckhaus Deringer LLP, Alexiou-Kosmopoulos Law Firm are acting as advisers to the fund in connection to the process and the transaction.

Piraeus is one of the busiest passenger ports in Europe, according to OLP data, and one of the top cargo ports in the Mediterranean. Cargo traffic rose 15% to 3.1 million twenty-foot equivalent units in 2013.

OLP was founded in 1930. It offers ships' anchoring, cargo handling, loading and unloading, goods storage, and car stevedoring services, as well as harbor to ships. It is also involved in the development of combined transportation operations, provision of services related to combined transportation, and organization, development, management, and marketing of ship repair.

Greece is aiming for privatization revenues of €1.5 billion in 2014 by selling the 67% stake in OLP and privatizing its railway operator TRAINOSE, rolling stock company ROSCO and some regional airports, among other assets.

List of country news

Country news

  • June 11, 2014

    Eight bids received for Thesalonikki port privatization

    Eight teams has bid in the tender process for the sale of a 67% stake of Thessaloniki Port Authority S.A., a Greece-based company involved in the management and operation of Thessaloniki port. Read more
  • July 02, 2014

    Greece signs Athens Transportation Telematics PPP

    The Athens Urban Transport Organization (OASA SA) and the consortium formed by Terna Energy and LG CNS has signed the contract for the Athens Urban Transport Ticket PPP project. Read more
  • July 09, 2014

    Greece approves draft concession agreement of regional airports

    The Hellenic Republic Asset Development Fund (HRADF) has approved the final draft of the concession agreement for the privatization of the regional airports. . Read more
  • July 11, 2014

    Eight teams to second phase of Thessaloniki Port sale

    The Board of Directors of the Hellenic Republic Asset Development Fund (HRADF) announced that eight investors have qualified for the next phase of the tender process for the acquisition of a 67% stake of Thessaloniki Port Authority S.A. Read more
  • August 04, 2014

    EIB considers financing for four PPP projects

    The European Investment Bank (EIB) has announced on its website that it is considering financing four PPP projects in Europe. According to the EIB, before financing approval by the Board of Directors and before loan signature, projects are under appraisal and negotiation. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.