Hellenic Republic Asset Development Fund S.A.

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HELLENIC REPUBLIC ASSET DEVELOPMENT FUND S.A.

PAOK owner Ivan Savvidis buys Thessaloniki port

Deutsche Invest Equity Partners (DIEP), an investment group Ivan Savvidis, the owner of football club PAOK Thessaloniki, is a part of has bought out the Thessaloniki port (OLTH) for a price of 231.9 million euros. The development signals a new era in the city’s port, affecting the economic growth of northern Greece and the country as a whole.