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Five Groups Interested In Kavala Port Privatisation

Five groups interested in Kavala port privatisation

Kavala, Greece (PortSEurope) October 24, 2020 – The Hellenic Republic Asset Development Fund (HRADF), responsible for privatising Greek state-owned assets, has announced that five “Interested Parties” have submitted an “Expression of Interest” for for the sub-concession of the right to use, maintain, operate and exploit a multi-purpose terminal within “Philippos II” port, currently operated by Kavala Port Authority S.A. (OLK). Expressions of Interest were submitted
by: Consortium of the companies Imerys AE, Goldair Cargo and I.M.G.Consortium called International Port Investments Kavala, comprising Black Summit Financial Group, EFA Group and GEK TernaPFIC LtdQuintana Infrastructure and DeveloomentThessaloniki Port Authority (ThPA) which is operated by South Europe Gateway Thessaloniki (SEGT) Ltd, a consortium, in turn, owned by Deutsche Invest Equity Partners GmbH (47%), Terminal Link SAS (33%) and Belterra Investments Ltd (20%). HRADF’s advisors will evaluate the aforementioned Expressions of Interest and submit to the Fund’s Board of Directors their recommendation regarding the candidates that qualify for the next phase of the tender (binding offers phase). The sub-concession area and activities of “Philippos II” port includes: (i) the existing pier with a paved area of approximately 117,000 m³, (ii) an additional plot of unpaved land and reclamation area of approximately 165,000 m³, (iii) the detached mole/breakwater, (iv) the commercial activity (general cargo, dry bulk and occasionally container vessels), and (v) certain equipment of the port. The sub-concession will be for a minimum duration of 40 years. Copyright (C) PortSEurope. All Rights Reserved. 2020.

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