Interested in Railways, the port of Thessaloniki was sold to the consortium companies for €232 million


The consortium, which includes Deutsche Invest Equity Partners GmbH, Belterra Investments LTD and Terminal Link SAS, won the international tender for the concession of Thessaloniki port until 2051, offering €231.9 million for a 67% stake in the port. About it reports “RIA Novosti” with reference to the Fund for privatization of state property of Greece (HRADF).

As explained in the Fund, the total contract value is €1.1 billion for the payment of €231.9 million it includes the mandatory investment of €180 million in the next seven years and the expected income for Greece from the concession agreement (3.5% of the turnover of the port of Thessaloniki) with a total value of over €170 million In the total amount also included the expected dividends to be received from HRADF for the remainder of 7.22% of the shares, and investments in addition to the mandatory, said the Fund.

The international tender for the concession until 2051 67% stake of Thessaloniki port was announced in April 2014. The contest ended March 24, 2017, April 7, HRADF has invited the bidders to improve their financial proposal. March 21, the Fund announced that the improved economic proposals presented to three participants.

In June 2014 the request for tender for the privatization of the Greek port filed the Railways. The company was among eight participants of the competition, the last qualification. The former head of the railway company Vladimir Yakunin has explained interest to the port of Thessaloniki a desire to build transport corridors between Europe and Asia.

However, in July 2016, the President of Russian Railways Oleg Belozerov said that the company has no plans to participate in the privatization of Thessaloniki port. He explained that the port was interested in the Railways together with other Greek assets.

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