Boris Wenzel

An agreement for the sale of 67 pct of the Thessaloniki port to South Europe Gateway Thessaloniki (SEGT) Limited, was signed at the offices of the Hellenic Republic Asset Development Fund (HRADF) on Thursday, following the approval of the Greek Court of Audit./greece.greekreporter.com

Business at Greece's two privatized ports, Piraeus and Thessaloniki, could increase the country's gross domestic product by up to 5.6 billion euros a year, a survey by the Foundation for Economic and Industrial Research (IOBE) has found. The strategic position of Greece's two main ports is seen as crucial for international trade.

The contractual obligation for investing 180 million euros in Thessaloniki port should be rapidly implemented, the chief executive officer of CMA CGM subsidiary Terminal Link, Boris Wenzel, and the managing director of DIEP, Alexander von Mellenthin, promised in their first formal joint appearance in Greece on Tuesday.

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).