On 14/4/2014 HRADF issued an international tender process for the sale 67% of the shares of OLTH, the company which has the right to operate the Port of Thessaloniki until 2051.
On 8/7/2014 the Board of Directors of HRADF decided that the following eight investors qualified for participation in the second phase of the tender process:
- APM Terminals, B.V.
- Deutsche Invest Equity Partners, GmbH
- Duferco Participations Holding S.A.
- International Container Terminal Services, Inc
- Mitsui & Co., Ltd.
- P&O Steam Navigation Company (DP World)
- Russian Railways JSC / GEK TERNA S.A.
- Yilport Holding, Inc
On 18/11/2016 the Board of Directors of HRADF approved the continued participation of each of Russian Railways JSC and GEK TERNA S.A. in the tender process in respect of Thessaloniki Port Authority S.A., independently, in accordance with the terms applicable to the second phase of the process.
Tender process is in progress. Following completion of the transaction, HRADF will hold 7% of the shares.
Financial Advisors: Morgan Stanley and Piraeus Bank