Tag: privatization

CMA CGM wins tender for Thessaloniki concession

Thessaloniki port

Today at its Board of Directors’ meeting, the Hellenic Republic Asset Development Fund (HRADF), Greece’s body responsible for the state assets privatization, has determined the winner of the tender for the concession of Thessaloniki port. It is the consortium formed by Terminal Link (port operating subsidiary of French shipping line CMA CGM), German private equity […]

Greece asks for improved bids for Thessaloniki

The Hellenic Republic Asset Development Fund (HRADF), Greece’s body responsible for the state assets privatisation, has announced the completion of the unsealing procedure of the binding financial offers for the sale of a 67% shareholding in the port of Thessaloniki, writes Thessaloniki Port Authority today. The three final bids for the 40-year concession were submitted on […]

Thessaloniki privatisation: “Fifteen men on a dead man’s chest”

Today Greece’s privatisation agency has announced that three binding bids were received yesterday for a 67% stake in the port of Thessaloniki. The offers came from Philippines-based International Container Terminal Services Inc. (ICTSI), Dubai-based DP World and a consortium comprising German private equity firm Deutsche Invest Equity Partners, Terminal Link (a subsidiary of CMA CGM) […]

ICTSI to bid for Thessaloniki

Philippines-based terminal operator International Container Terminal Services Inc. (ICTSI) confirmed yesterday its intention to bid for a majority stake in Greece’s Thessaloniki port, writes today BusinessWorld Online. “I can confirm we are participating in the process,” Manila business newspaper quotes Christian R. Gonzalez, ICTSI Senior Vice-President and Regional Head of Asia Pacific. ICTSI budgeted a USD 240-mln […]

Sovcomflot to be privatized

The privatization of 25% – 1 share of Russia’s Sovcomflot (SCF) will be realized through public offering at Moscow stock exchange, said yesterday Economic Development Minister Maxim Oreshkin. TASS news agency also quotes his comment that a simultaneous listing at the New York Stock Exchange (NYSE) is not planned. SCF is Russia’s largest shipping company […]

DP World, Eurogate to raise Limassol, but the start not easy

On January, 29, the global port and terminal operator DP World took over operations at the port of Limassol (Cyprus) from the Cyprus Port Authority. In late April 2016, following a bailout plan between Cyprus and international creditors, the Government of the Republic awarded DP World a 25-year concession to operate Limassol multipurpose terminal handling break bulk, general and […]

Privatisation of Greek ports

Greece set March, 24th as a deadline for potential investors to submit binding bids for a sale of 67% in its second biggest port, Thessaloniki, reports Reuters quoting its sources close to the matter. It is also noted that previous deadlines were several times postponed due to disputes over the amount of mandatory investment and […]

Novorossiysk port to be privatized, DP World interested

DP World confirmed its interest in acquiring shares of Novorossiysk Commercial Sea Port (NCSP) in Russia, together with its partner, the Russian Direct Investment Fund (RDIF), announced Russian news agency TASS last week quoting DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem. “Novorossiysk is very interesting. Today we are more interested in brownfield […]