OLTH head sees all four investors submitting binding bids for port

The President of Thessaloniki Port (OLTH) said he believes all four investors who have expressed an interest in the acquisition of a 67 percent stake in OLTH will submit binding bids on March 24, the deadline set by the country’s privatization agency.

Speaking to the Athens-Macedonian News Agency (ANA), Konstantinos Mellios said he believed this could be the first international tender of the last five years in which more than one investor participates and expressed hope the interested consortia will make offers “worthy of the real value of the port”.
Mellios said he believed a positive outcome in the tender will bolster Greece’s international image as “a reliable partner”.

Asked about the decision not to extend again the deadline for the submission of the binding bids requested by three out of the four consortia, he said “it was decided that the time they had available was enough”.

Potential investors include Philippines-based International Container Terminal Services ICTS, Dubai-based P&O Steam Navigation Company (DP World), Japan’s Mitsui & Co and, as of recently, France’s CMA CGM, which has agreed to take part through its Terminal Link subsidiary, joining forces with Deutsche Invest Equity Partners and Russian-Greek investor Ivan Savvidis group.