Thessaloniki Port Authority transfer to consortium completed

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The transfer of 67 percent of the Thessaloniki Port Authority’s shares to a special investment vehicle set up by the consortium that won an international tender for the majority stake and the northern Greece port’s management has been completed.

The special investment vehicle, South Europe Gateway Thessaloniki (SEGT), has been established by the German fund DIEP, France’s Terminal Link Belterra Investments, which is controlled by Greek-Russian businessman and investor Ivan Savvidis.

A 231.9-million-euro tranche was transferred to Greece’s privatization fund, with the shares expected to change hands via an Athens Stock Exchange (ASE) transaction, between the fund (HRADF) and SEGT.

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