Begins today, when the deadline for submission of binding proposals, “sea battle” for port of Igoumenitsathe third largest privatization of a Greek port after Piraeus And her Thessaloniki. In the current final stage of the tender for the acquisition of a controlling stake (at least 67%) of the Port Authority of Igoumenitsa, Attica Group in a joint venture with Aktor, a joint venture of Grimaldi Euromed with Minoan Lines, Thessaloniki Port Authority, Japanese interests Portek International Private, American interests Quintana Infrastructure & Development, which is also bidding for Alexandroupolis, Aegean Oil, Melissanidis group interests and Archirodon’s joint venture with ANEK and Trident Hellas.

However, according to market sources, mandatory bids are likely to be represented by only two of them, while the other five schemes are not “visible”. In particular, the Grimaldi Group and the Thessaloniki Port Authority are expected to submit bids. The two schemes estimate that they can export the synergies of their current activities with those of the port of Igoumenitsa, and both believe that they can further develop their turnover. A binding offer from Attica’s joint venture with Aktor is also considered possible, but not certain. As for the remaining four schemes, there is no reliable information on their intentions on the market.

The deadline for submitting binding proposals is today.

As for the price, the same circles emphasize that the latest financial data, namely the increase in interest rates and building materials, and not only that the new major shareholder will take over the mandatory development of one of the marinas controlled by the Igoumenitsa Port Authority, may affect bet amount. The valuation level determined by TAIPED consultants remains unknown, but the market hears prices of 15 to 30 million per concession. In any case, TAIPED is expected to solicit improved bids from the first two bidders in terms of price, as well as from the third bidder if there is one and its bid is less than 20% of the second bid. The opening of proposals will take place in the coming weeks, the exact time has not yet been determined.

“Authority of the Port of Igoumenitsa S.A.” (OLIG SA) has the right to the exclusive use and exploitation of the territories, buildings and facilities of four ports, namely the port of Igoumenitsa, the Sayadas Fishing Reserve, the Plataria Fishing Reserve and the Syvota Yachting Reserve, located in the northwest of Greece, in the region of Epirus, on the basis of a concession agreements with the Greek state. The concession agreement is designed for 60 years from the moment of its signing and expires on February 3, 2062. The main activities of the organization today are related to the maintenance and provision of mooring services for ferries and Ro-Ro ships (trucks and other vehicles), both domestic and international ferry lines. In addition, it provides support services to ships (water supply, electricity, communications, etc.) and uses the land and construction infrastructure of the port of Igoumenitsa. TAIPED has held shares since 2012, corresponding to 100% of the share capital of Igoumenitsa Port Authority SA.

The fund is assisted in the competition by Deloitte Business Solutions and Euroconsultants as joint financial advisors, Your Legal Partners, Drakopoulos & Vasalakis Law Firm and Alexiou Kosmopoulos Law Firm as legal advisors, Doxiadis Associates as technical advisor and Port Consultants Rotterdam BV as commercial advisor. .