Greece concludes sale of 67 pct stake in Thessaloniki Port

Thessaloniki Port Authority SA

23/03/2018 10:04

ATHENS, March 23 (Reuters) - Greece concluded the sale of 67
percent stake in Thessaloniki port  OLTr.AT , the country's
second-largest, to a German-led consortium, its privatisations
agency (HRADF) said on Friday.
    Deutsche Invest and its partners, France's Terminal Link SAS
and Cyprus-based Belterra Investments, signed the deal in
December. The sale is part of a privatisation scheme Greece has
agreed under its latest international bailout.
    The deal is worth 1.1 billion euros, HRADF said, and the 
consortium has already paid 231.9 million euros to take over the
port as well as agreeing to spend at least 180 million euros to
upgrade its infrastructure within seven years.

 (Reporting by Karolina Tagaris, editing by George
Georgiopoulos)
 ((karolina.tagaris@thomsonreuters.com; +30 210 3376 455;))