Port of Thessaloniki

Local Greek newspaper Kathimerini reports four bids are expected to be lodged this week to run Thessaloniki port. The Friday deadline for bids for a 67% in Greece’s second largest port are expected to include pitches from a consortium comprising Deutsche Invest Equity Partners, Terminal Link (a subsidiary of CMA CGM) and Russian-Greek investor Ivan Savvidis’s group, as well as from DP World, Japan’s Mitsui & Co, and Philippines-based International Container Terminal Services, Inc (ICTSI).

Whoever wins the bid will have to spend a minimum of EUR180m over seven years upgrading the port.

Greece’s dire economic situation this decade has seen a raft of controversial privatisation initiatives. Piraeus, Greece’s largest port, is now run by China’s Cosco, for instance.



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