An agreement for the sale of 67% of the Thessaloniki port to South Europe Gateway Thessaloniki (SEGT) Limited was signed at the offices of the Hellenic Republic Asset Development Fund (HRADF) on Thursday, following the approval of the Greek Court of Audit.
The SEGT consortium consists of the preferred bidder Deutsche Invest Equity Partners GmbH, Belterra Investments Ltd. and Terminal Link SAS, and the sale totaled 231,926,000 euros.
The approval of the agreement by the Competition Commission is pending. The agreement will need to be ratified in Parliament and the transaction is expected to be concluded in the first quarter of 2018.
The agreement does not include the sale of port infrastructure, which has been leased to the Thessaloniki Port Authority via a concession until 2051.