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Thessaloniki Port Authority Approves Dividend

Thessaloniki Port Authority approves dividend

Thessaloniki, Greece (PortSEurope) June 28, 2021 – Thessaloniki Port Authority S.A. (ThPA) has announced a dividend for the financial year 2020 of €1.42 per share, subject to 5% withholding tax, hence, net dividend payable will be €1,349 per share. An Ordinary General Meeting of Shareholders of 23/06/2021 approved of the appropriation of annual earnings and distribution of dividend for the fiscal year 2020. Thessaloniki Port
Authority (ThPA) was privatised in March 2018, and was operated by South Europe Gateway Thessaloniki (SEGT) Ltd, a consortium, in turn, then owned by Germany’s Deutsche Invest Equity Partners (DIEP) 47%; France’s CMA CGM (Terminal Link) 33% and Savvidis Group (Cyprus-registered Belterra Investments) 20%. Terminal Link is 49%-owned by China Merchants Port Holding, which is controlled by the Chinese state. In February 2021, Russian billionaire of Greek origin, born in Georgia, Ivan Savvidis, acquired the 47% stake in the port owned by DIEP. Savidis, “the Russian tsar of Thessaloniki”, according to local media, now controls 67% of Greece’s second largest port. Copyright (C) PortSEurope. All Rights Reserved. 2021.

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