A consortium comprising CMA CGM’s terminal operating-arm Terminal Link, Deutsche Invest Equity Partners GmbH and Belterra Investments has been declared as the highest bidder for a 67% stake in Thessaloniki Port Authority.
The total value of the agreement amounts to €1.1bn (US$1.2bn) for Greece’s second largest container port, which is being privatised as part of the terms of the country’s bailout.
The sale follows last year’s acquisition of Piraeus Port Authority (PPA) by COSCO Shipping Ports, which was also administered by the Hellenic Republic Asset Development Fund, which handles privatisations in Greece.
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