OLP pri­va­ti­za­tion is go­ing ahead

Kathimerini English - - Focus - VANGELIS MANDRAVELIS

De­spite the ef­forts of some of­fi­cials from the rul­ing SYRIZA party to pre­vent the pri­va­ti­za­tion of Pi­raeus Port Au­thor­ity (OLP), state sell-off fund TAIPED is pro­ceed­ing with the process for the sub­mis­sion of bind­ing bids for a 67 per­cent stake in the en­tity.

In­ter­ested par­ties have un­til Oc­to­ber 16 to sub­mit their bind­ing of­fers, with TAIPED aim­ing to have the ten­der com­pleted by the end of next month.

As­ses­sors hired by OLP will de­ter­mine a min­i­mum price for the sale of the con­trol­ling stake in the com­pany, be­low which no of­fer will be ac­cepted. This thresh­old will only be known by OLP and its con­sul­tancy, not the bid­ders in- ter­ested in the coun­try’s big­gest port. The con­sul­tancy’s as­sess­ment will be de­liv­ered to the TAIPED man­age­ment at about the same time as the bids by the suit­ors.

To­day the Coun­cil of State, the coun­try’s high­est ad­min­is­tra­tive court, will hear the case of the At­tica Re­gional Au­thor­ity and var­i­ous en­ti­ties from Pi­raeus against OLP’s pri­va­ti­za­tion. How­ever Econ­omy Min­is­ter Gior­gos Stathakis re­ferred to the OLP sell­off pro­ject yesterday, say­ing that “the gov­ern­ment will pro­ceed as has been agreed,” adding that this will also be the case with all other agreed pri­va­ti­za­tion projects.

In­ter­ested par­ties have un­til Oc­to­ber 16 to sub­mit their bind­ing of­fers for the OLP pri­va­ti­za­tion.

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