Six investment groups express interest in Piraeus Port share

Six investment groups interested in Piraeus Port share

Six investment groups on Monday submitted expressions of interest in acquiring 67 percent of the share capital of the Piraeus Port Organisation (OLP).

Ioanna Papadimitropoulou
ΓΡΑΦΕΙ: IOANNA PAPADIMITROPOULOU

Cosco and five more investment groups submitted expressions of interest in acquiring 67 percent of the share capital of the Piraeus Port Organisation (OLP).
According to an announcement by the Hellenic Republic Assets Development Fund (TAIPED), the state privatisation agency, they are the following investment groups:

- APM Terminals is an international container terminal operating company headquartered in The Hague, Netherlands. It is one of the world's largest port and terminal operators as well as providing cargo support and container Inland Services, and is the largest port and terminal operating company in terms of overall geographic scope operating a Global Terminal Network with interests in 64 operating port and terminal facilities in 39 countries on five continents, with seven new port projects in development, as well as over 160 Inland Services operations providing container transportation, management, maintenance and repair in 48 countries.The APM Terminals Global Terminal Network handled 36.3 million TEUs in 2013, (weighted by equity share) representing a 3% growth over 2012's container throughput.] APM Terminals earned a profit of USD $770 million on revenue of USD $4.33 billion during the year, with a return on invested capital (ROIC) of 13.5%. Operational cash flow for 2013 was USD $923 million, compared with USD $910 million the year prior.

Cartesian Capital Group, LLC is a global private equity firm with proven expertise in assisting closely-held companies to expand internationally.

We manage more than $2 billion in capital and have a talented team of 22 professionals based in New York, Sao Paulo, Shanghai, Warsaw, Istanbul and Bermuda.

Cartesian Capital was founded in 2006 by Peter Yu and the senior management team of AIG Capital Partners, Inc. ("AIGCP").

China Ocean Shipping (Group) Company, known as COSCO or COSCO Group, is a Chinese shipping and logistics services supplier company. It owns more than 130 vessels (with a capacity of 600,000 twenty -foot equivant units TEU and calls on over a thousand ports worldwide.It ranks sixth largest in number of container ships and ninth largest in aggregate container volume in the world.

They are the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwide. In addition, the Group is the largest liner carrier in China.

COSCO contains seven listed companies and has more than 300 subsidiaries locally and abroad, providing services in freight forwarding, ship building, ship repair, terminal operation, container manufacturing, trade, financing, real estate, and information technology. It owns and operates a fleet of around 550 vessels, with total carrying capacity of up to 30 million metric tons deadweith (DWT).

International Container Terminal Services, Inc. (ICTSI) is a port management company in the Philippines It was incorporated on December 24, 1987, and has been cited by The Asian Development Bank the as one of the top five major maritime terminal operators in the world.

ICTSI was established by Filipino businessman Enrique K Razon, whose family has been managing harbors in the Philippines for three generations, in connection with the bidding for the Manila International Container Terminal (MICT) contract. In March of 2014, Forbes Magazine named Razon the Fourth Richest Man in the Philippines, with a personal wealth of $4.5 billion

Ports America is the largest terminal operator and stevedore in the United States, operating in more than 42 ports and 80 locations. In a typical year Ports America handle more than 12.7 million TEU, 2.5 million vehicles, 8.9 million tons of general cargo and 1.6 million cruise ship passengers.

Utilico Emerging Markets is a large British investment company dedicated to investments in infrastructure, utility and related sectors in the emerging markets. Established in 2005, the company is a listed on the London Stock Exchange. The Chairman is Alexander Zagoreos.

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