Thessaloniki, Greece (PortSEurope) September 14, 2017 – Greek Minister of Economy and Development, Dimitris Papadimitriou, has received Thessaloniki Port Authority S.A.(OLTH S.A.). A meeting was attended by the Chairman of the Board of Directors of OLTH SA Konstantinos Mellios, ThPA SA Managing Director Dimitris Makris, Vice President Dimitris Routos and General Manager Asterios Brozos.
The minister was updated on developments at the port, especially the ongoing privatisation.
On June 19, 2017, the Board of Directors of Hellenic Republic Asset Development Fund (HRADF) unanimously declared the consortium comprising of Deutsche Invest Equity Partners GmbH, Belterra Investments Ltd. and Terminal Link SAS as the Preferred Investor for the acquisition of the 67% of the shares of Thessaloniki Port Authority SA., in accordance with the terms of the tender process, having considered all the required documents on time submitted by the highest bidder.
The privatisation is expected to signal substantial investment in the port with the investors agreeing to investments of €180 million ($214.18 million) over a seven-year period.
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