Eight groups submit expression of interest for Lavrio port

Eight investment groups submitted an expression of interest for a majority stake in Lavrio Port Authority SA, the Hellenic Republic Asset Development Fund (HRADF) announced on Thursday.

The sale relates to at least 50% of Lavrio port’s share capital (50%+1).

Those expressing interest include the following (in alphabetical order):

– GEK TERNA SA
– GPH CRUISE PORT FINANCE LTD-PROMARINE SA Consortium
– GULFTAINER COMPANY LTD
– INTERKAT SA
– IOTC INVESTMENTS SCS
– ISRAEL SHIPYARDS INDUSTRIES LTD
– JET PLAN SHIPPING Co LTD-AKTOR CONCESSIONS SA
– OLYMPIC MARINE SA-MSC CRUISES SA Consortium

The candidates who fulfil the preselection requirements will be invited to participate in the second face of the tender, which involves submitting binding offers.

The port of Lavrio, in southeastern Attica, is the third largest port of Attica. Due to its proximity to popular tourist destinations, the Athens International Airport ‘Eleftherios Venizelos’, and the ports of Piraeus and Rafina, it is particularly suitable for tourism development.

Duration of the concession is 60 years (to 2062), with options to extend it. HRADF is the sole shareholder. Lavrio Port Authority SA has the exclusive right to use and exploit the land plots, buildings and facilities of the Port of Lavrion, whose main activities include passenger services, handling and storage of conventional cargo, yachts and sailing boats services, as well as cruise activity.

Octane Management Consultants SA, Fortsakis-Diakopoulos & Associates Law Firm, and Marnet Engineering Consulting SA are appointed financial, legal, and technical advisors, respectively.