Bids for OLP by De­cem­ber 5

Kathimerini English - - Focus - VAN­GE­LIS MANDRAVELIS

State pri­va­ti­za­tion fund TAIPED set a De­cem­ber 5 dead­line late on Wed­nes­day for the sub­mis­sion of bind­ing bids for the con­trol­ling stake in Pi­raeus Port Author­ity (OLP).

TAIPED of­fi­cials said yes­ter­day the date has not yet been of­fi­cially con­firmed but that it will be in the com­ing days, with the bids by the three in­ter­ested par­ties (Cosco Pa­cific, Maersk and ICTS) set to be tabled in early De­cem­ber.

The TAIPED man­age­ment tried to al­lay the con­cerns of the cred­i­tors’ tech­ni­cal ex­perts dur­ing Wed­nes­day’s board meet­ing, par­tic­u­larly as far as the con­ces­sion of the Drapet­sona dock zone is con­cerned. Sources said that the fund’s man­age­ment de­fended its po­si­tion that the con­ces­sion of the dock zone does not con­sti­tute a loss for OLP, the mi­nor­ity stake­hold­ers or even the ma­jor­ity stake­hold­ers, as it does not di­min­ish the price that the Greek state seeks to se­cure from the sale.

Sources close to the TAIPED man­age­ment noted yes­ter­day that the only no­table as­set in that zone is the ferry to Salam­ina, which will re­main prop­erty of OLP.

Nev­er­the­less, it is be­lieved that the ac­tion by the port work­ers’ union and var­i­ous other en­ti­ties that op­pose the pri­va­ti­za­tion of OLP will con­tinue and cul­mi­nate close to the dead­line for the bind­ing of­fers. Mar­ket pro­fes­sion­als are cer­tain that no re­ac­tions can af­fect the course of the ten­der any­more, and that even if one bid is ac­cepted it will suf­fice for the pri­va­ti­za­tion of the port.

Ar­rivals in the Jan­uary-Au­gust pe­riod grew 10.6 per­cent to al­most 17 mil­lion: a 35.7 per­cent yearly rise in US vis­i­tors, a 24.9 per­cent rise from the UK, 22.5 per­cent from Ger­many and 4.4 per­cent from France.

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