Greece sells stake of Thessaloniki port to a consortium of German investors
27 Apr 2017
The Greek state transferred 67 percent of the shares of Thessaloniki Port Authority to a consortium of investors via its privatization fund on 27 April 2017. The consortium is led by Deutsche Invest Equity Partners. The German firm will achieve a participation of 47 percent of the transferred shares, while Belterra Investment and Terminal Link will respectively get 20 and 33 per cent.
The value of the deal is estimated at EUR 1,1 billion. The transfer of the Port is part of the bailout agreement with the European Union and the International Monetary Fund.
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Services (Transportation and storage)
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Sources:
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Hellenic Republic Asset Development Fund, Highest Bidder for Thessaloniki Port Authority SA the consortium comprising «Deutsche Invest Equity Partners GmbH», «Belterra Investments Ltd.» and «Terminal Link SAS», http://www.hradf.com/en/post/528/nea, 24 Apr 2017
