Back to top
23 March, 2018

Thessaloniki Port Privatization

Alexiou – Kosmopoulos advised the Hellenic Republic Asset Development Fund on the privatization of Thessaloniki Port Authority S.A. (ThPA), the operator of Greece’s second-largest commercial port, following up on the prior success of the Piraeus port privatization.

The transaction closed on 23 March 2018 and involved the transfer of 67% of shares in ThPA to a consortium of Deutsche Invest Equity Partners GmbH, Belterra Investments Limited and Terminal Link SAS, further to a competitive process that resulted in the finalization of key transaction documents, including the amended concession agreement governing the operation of the port, expiring in 2051.

In addition to the EUR 231.9 million consideration received by the HRADF, the Greek State expects to derive substantial long-term benefits from the privatization, including through the implementation of a EUR 180 million mandatory investment programme, increases in economic activity in and around the port and city of Thessaloniki, increased employment and fiscal revenues.


102, Vas. Sofias Avenue, Athens 115 28
+30 210 33 92 600