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The Hellenic Republic Asset Development Fund (HRADF) chooses the offer submitted by Deutsche Invest Equity Partners GmbH, Belterra Investments Ltd and Terminal Link SAS for a 67% stake in Thessaloniki Port Authority SA.
The total value of the agreement amounts to €1.1 billion and includes the €231,926,000 offer, mandatory investments amounting to €80 million over the next seven years and anticipated revenues from the Concession Agreement for the Hellenic Republic – an amount estimated to be in excess of €170 million.

Morgan Stanley and Piraeus Bank acted as financial advisors, Freshfields Bruckhaus Derringer LLP and Alexiou - Kosmopoulos Law Firm acted as legal advisors, the Hamburg Port Consulting (HPC) and Marnet acted as technical advisors on behalf of HRADF.

In a statement issued by HRADF on Monday, improved offers to operate the port had been received from three bidders: International Container Services Inc., Peninsular and Oriental (P&O) Steam Navigation Co. (owned by DP World), and a consortium of Deutsche Invest Equity Partners GmbH, Belterra Investments Ltd (owned by Ivan Savvidis) and Terminal Link SAS, a CMA CGM subsidiary.
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