Consortium that won bid for OLTH announces JV share breakdown

olth

The consortium that submitted the highest bid for a majority stake in the Thessaloniki Port Authority on Thursday promised to transform northern Greece’s biggest facility into a gateway and transport hub for the country, the Balkans and the wider SE European region.

The consortium, comprised of Deutsche Invest Equity Partners GmbH, Belterra Investments Ltd. and Terminal Link SAS, submitted a winning bid of 231 million euros to privatization fund (HRADF) for the purchase of a 67-percent stake in the port authority, Greece’s second largest.

The consortium said in a press release issued Thursday:

Following the decision of the Hellenic Republic Asset Development Fund (TAIPED) dated Monday 24 April 2017, with which our Consortium (DIEP – TERMINAL LINK, the terminal branch of CMA CGM Group – BELTERRA INVESTMENT) was declared the over-bidder of the Tender for the sale of a 67 pct stake in the share capital of Thesssaloniki Port Authority SA, we express our satisfaction, as well as our strong commitment to work methodically and make the Port of Thessaloniki a significant gateway and transport hub of strategic importance for Greece, the Mediterranean, the Balkans and South East Europe.

Having as its main assets a presence and dynamism at international and local level, the Consortium is committed to contribute to the upgrading of the port through the implementation of required investments in infrastructures, equipment, innovation, human resources and business opportunities, as well as the overall growth of the business community and the economic prosperity of the wider region. In order to fulfill their obligations, the participants in the Consortium will establish a Joint Venture with the following holdings: DIEP: 47%, TERMINAL LINK: 33%, BELTERRA INVESTMENT: 20%.

The main aim of our investment is to substantially contribute to the overall development of the city of Thessaloniki and the broader region, through the implementation of a business plan with multiple benefits for citizens and their everyday lives. We therefore  dynamically begin the implementation of one of the largest private investments in the country, something that strongly affirms, in every way, our trust in Greeks’ possibilities as well as in the Greek economy and its prospects.

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