ICTSI Seeks Greek Exposure, Will Investors Share Their Confidence?

Philippines-based global terminal operator International Container Terminal Services (ICTSI) has emerged as a potential bidder for the Greek ports of Piraeus and Thessaloniki, which are due to be privatised. CFW notes that ICTSI's plan to buy stakes in Greek ports chimes with the company's Europe-focused expansion strategy, which saw the company expand into Croatia earlier in 2011. CFW highlights that although Greek's domestic outlook for port throughput is weak, the country's ports could be developed to play a more international maritime role as a gateway or a hub.

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