Belterra Investments

The Porto Carras luxury resort in Halkidiki, central Macedonia, is about to change hands, with owner Technical Olympic (controlled by the Stengos family) having signed a memorandum of understanding with Belterra Investments, a member of the group owned by Ivan Savvidis.

Owners of the newly-privatized port of Thessaloniki, in Greece's second-largest city, say they will need to spend an additional 27 million euros ($33.4 million) on unforeseen equipment repairs and upgrades, arguing that facilities were in far worse condition than described by the previous, state-appointed management.

Greece concluded the sale of 67 percent stake in Thessaloniki port, the country's second-largest, to a German-led consortium, its privatizations agency said on Friday.

The sale of a 67 percent stake in Thessaloniki Port Authority (OLTH) is expected to be signed on December 15, the representative and coordinator of the consortium that was granted the tender, Sotiris Theofanis, said on Friday.

When sell-off fund TAIPED elected the consortium of Deutsche Invest Equity Partners, Belterra Investments and Terminal Link as the preferred bidder for the privatization of Thessaloniki Port Authority (OLTH) at the end of June, the bidder's officials professed their readiness to take over the management of the country's second largest port.

Following a significant delay, state sell-off fund TAIPED announced on Monday that the consortium of Deutsche Invest Equity Partners (DIEP) with the subsidiary of France's CMA CGM, Terminal Link SAS, and Belterra Investments of Ivan Savvidis is the preferred bidder for the concession of a 67 percent stake in Thessaloniki Port Authority (OLTH).