Greece sells majority stake in Thessaloniki port

The Greek government said on Thursday that it had signed a deal to sell a majority stake in the port at Thessaloniki, part of the asset sales it agreed to as part of a huge international bailout.

The state privatization agency said the 67 percent stake was sold for 232 million euros to a consortium of Greek, French, German and Chinese investors, consisting of Deutsche Invest Equity Partners GmbH, Belterra Investments Ltd and Terminal Link SAS.

Officials said the total deal was worth 1.1 billion euros, including 180 million euros of investments at the port over the next seven years, and revenues from a concession agreement that runs until 2051.

This month Greece said it had reached a preliminary deal with international creditors that it was meeting its commitments to unblock the latest tranche of a third bailout program.

Along with state asset sales, Athens has pledged to pare the civil service and social benefits while reforming the economy, including measures to free up the energy market.

Vlada Grčke

Port of Thessaloniki

sale of Port of Thessaloniki

privatization of Port of Thessaloniki

crisis in Greece

Deutsche Invest Equity Partners GmbH

Belterra Investments

Terminal Link SAS