Εight Investors Interested in Developing Volos Port in Thessaly
The Hellenic Republic Asset Development Fund SA (HRADF or TAIPED in Greek) recently announced that eight investment schemes have submitted expressions of interest for the development of Volos Port Authority (VPA) SA.
The expressions of interest follow the launch of an international tender for the development of the port of Volos, a coastal port city in Thessaly, through the sale of a majority stake of at least 67 percent. The concession agreement between the Greek state and VPA will have a duration of 60 years. The main activities of the company will include freight and container services, steel and scrap metal, dry and wet bulk cargo and passenger services, including ferry boats to the Sporades islands, as well as cruise activities.
The 8 investors
The following eight investors (in alphabetical order) have expressed interest in developing the VPA:
• Advance Properties OOD, a Bulgarian diversified group currently holding investments in 107 subsidiaries and 4 associated companies in 26 countries. Its activities focus mainly in pharmaceuticals, shipping and port management.
• GEK TERNA SA, a leading business group in Greece, listed in the Athens Stock Exchange, with operations in 16 countries around the world in the fields of infrastructure, energy production, supply and trade from thermal sources and renewables, concessions, waste management and real estate development & management.
• Goldair Cargo SA – Goldair Handling Consortium. The consortium’s companies are members of the Goldair Group, one of the major Greek group of companies in the fields of tourism and transportation mainly in Greece. Its operations include representation of airline companies in Greece, ground handling of aircraft and passengers, cargo transportation services.
• IΝΤRΑΚΑΤ SA – TEKAL SA Consortium. With headquarters in Greece and a significant international presence, Intrakat is a leading player in the country’s construction sector with an integrated portfolio of activities which includes infrastructure public projects, PPPs –
concessions, renewable energy sources (RES) – environmental & real estate development projects.
• Israel Shipyards Industries Ltd – HELLENIC HALYVOURGIA SA Consortium. Israel Shipyards Industries is an Israeli group, partially listed in the Tel Aviv Stock Exchange, with activities focused on three main sectors: maritime, the port sector and the cement sector with products for the construction industry.
• Mariner Capital Limited. A Malta-based, Hili family owned business, Mariner Capital is primarily an investor, developer and independent operator of medium sized seaport terminals and other related activities in the logistics and maritime industry.
• QTerminals WLL, a terminal operating company jointly established by Qatar Ports Management Company and Qatar Navigation, responsible for enabling Qatar’s imports and exports and its maritime trade flows.
• Thessaloniki Port Authority SA, which manages the largest port of Northern Greece under a concession agreement with the Greek state, providing berthing services to ships, handling of all types of cargoes and servicing passenger traffic. OLTH is an ATHEXlisted company.
Following the evaluation of the submitted expressions of interest, candidates that meet the pre-selection criteria will be invited to participate in phase B of the tender process (binding bids phase).
HRADF is a member of Growthfund, the national fund of Greece.