The Hellenic Republic Asset Development Fund (HRADF) has declared the company Thessaloniki Port Authority S.A. (T.P.A. S.A.) as the Preferred Investor with an offer amounting to EUR51 million (US$53 million) for the acquisition of 67% of the share capital of V.P.A. S.A.
HRADF has opened the 4 binding offers received in the tender for acquiring a 67% majority stake in Volos Port Authority S.A. and declared T.P.A. S.A. as the Preferred Investor, it also declared the Consortium Goldair Cargo S.A. – Goldair Handling S.A. as Substitute Preferred Investor. This event is significant for the Thessaly region and demonstrates the investment community's confidence in the prospects of Volos Port and the Magnesia area. The transaction documents will be finalized pending approval, and the total sum, as per the international tender terms, will be paid in a single installment.