Piraeus Port privatisation process begins

The process of the privatisation of the Piraeus Port Authority (OLP) will formally get underway on March 7 2014, with Hellenic Republic Assets Development Fund (TAIPED) publishing the invitation for expressions of interest that will explain the tender framework for the sale of a 67 per cent stake in OLP (the Greek state owns 74 per cent of the company’s shares which have been transferred to TAIPED).

The fund’s board approved the terms of the tender process at a meeting on March 5.

Investors will have 45 days to express an interest. The sale is expected to be completed this year.

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