The consortium comprised of Deutsche Invest Equity Partners GmbH, Belterra Investments LTD and Terminal Link SAS has been awarded a 67 percent stake in the Thessaloniki Port Authority, after becoming the highest bidder with an offer of €231.9 million (US$251.8 million).

As we reported in late March, the government of Greece received three binding bids for the privatization of the Thessaloniki Port Authority. Aside from above-referred winning consortia, the other two teams involved:

• International Container Terminal Services Inc.
• Peninsular and Oriental (P&O) Stream

The winning consortium will  have to implement investments of at least €180 million (US$194 million) within seven years.

Thessaloniki Port facilities include a conventional port, container terminal, passenger terminal, duty free commercial area and others. Services provided include unitized and conventional cargoes, coastal shipping and cruise liner passengers, ship anchoring, mooring and berthing, as well as car parking lots and links with the road and railway network.