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CMA CGM Will Bid For 67% Stake in Thessaloniki Port Authority

March 20, 2017 12:05 am Published by

Through its Terminal Link subsidiary, CMA CGM has agreed to take part in a consortium that will bid for the 67 percent stake in Thessaloniki Port Authority. 

Terminal Link along with DP World, Mitsui & Co Ltd, and International Container Terminal Services Inc (ICTSI) are expected to submit binding bids by the March 24, 2017 deadline.

According to sources, it is the insistence of a EUR180 million investment over seven years for any concession holder that has presented challenges. Many participants feel this sum is a bit high. The EUR180 million investment stipulation, combined with the country risk, reportedly makes financing of the privatization more expensive.

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