Eight Investment Schemes Express Interest in Lavrio Port Authority

Eight investment schemes have submitted an expression of interest for the acquisition of a majority stake in the share capital of the Lavrio Port Authority (LPA SA), according to the Hellenic Republic Asset Development Fund (HRADF), Greece’s privatization agency. The acquisition concerns at least 50 percent plus one share of Lavrio port’s share capital.

The port of Lavrio is the third largest port of the Attica region. According to the HRADF, due to the port’s proximity to popular tourism destinations, Athens International Airport (AIA) and the ports of Piraeus and Rafina, it “is suitable for tourism development” with the operation of a cruise terminal and a marina for yachts.

Expressions of Interest were submitted by the following investment schemes (in alphabetical order):

• Consortium GPH CRUISE PORT FINANCE LTD – PROMARINE SA
• Consortium JET PLAN SHIPPING Co LTD – AKTOR CONCESSIONS SA
• Consortium OLYMPIC MARINE SA – MSC CRUISES SA
• GEK TERNA SA
• GULFTAINER COMPANY LTD
• INTERKAT SA
• IOTC INVESTMENTS S.C.S.
• ISRAEL SHIPYARDS INDUSTRIES LTD

Following the evaluation of the submitted expressions of interest, candidates who meet the pre-qualification criteria will be invited to participate in Phase B of the tender process and submit binding offers.

The company Lavrio Port Authority SA currently has the exclusive right to use and develop the land, buildings, and facilities of the port of Lavrio, through a concession agreement with the Greek State for a duration of 60 years; running from 2002 until the year 2062.

Should the duration of the concession agreement be extended, an announcement will be made on HRADF’s website prior to the launch of Phase B of the tender process, which involves the “Request for Submission of Binding Offers” by the pre-qualified investors.

The HRADF is a member of the GROWTHFUND – The National Fund of Greece.