Philippines-based International Container Terminal Services (ICTSI) has openly declared an interest in Greek’s two main ports.
Speaking at the Forbes CEO conference, ICTSI chairman and president Enrique Razon said the company had around $500m set aside for acquisitions and that the Greek ports Piraeus and Thessaloniki were priorities.
Explaining the attraction, Mr Razon said: “If Greece does default, it will go into depression, but when it exits that, it will be from a very low base and will have very good growth rates – almost non European-type growth rates.”
Meanwhile, the global port operator has set up a unit in South Africa to handle new assets on the continent. Registered in Cape Town, South Africa, the new subsidiary will be tasked with “developing and managing port terminal assets in the African region”.
