Growthfund has announced the cancellation of the tender process for the acquisition of a 67% majority stake in the share capital of Volos Port Authority S.A.

This decision, unanimously approved by Growthfund's Board of Directors, follows the integration of the Hellenic Republic Asset Development Fund (HRADF) into Growthfund and reflects a shift in strategic asset management priorities. The cancellation is attributed to public interest considerations and significant changes in the economic and operational value of the port, particularly following damage from extreme weather events like Storm Daniel. Currently, the port is undergoing restoration and upgrade projects valued at €9 million under the Public Investment Program. Growthfund plans to explore an independent development model for Volos Port, aiming to enhance its role in Thessaly's commercial and tourism sectors and to position it as a strategic gateway for trade in the Mediterranean region.