Greece Picks German-led Consortium for Thessaloniki Port Sale

Greece named a consortium led by Deutsche Invest Equity Partners as the winner of a majority stake in Thessaloniki Port, the country's second biggest, its privatisation agency (HRADF) said on Monday.

 

Deutsche Invest has teamed up with France's Terminal Link SAS and Cyprus-based Belterra Investments and has offered 231.9 million euros ($259.52 million), the highest bid, for a 67 percent stake in the port.

 

The sale is part of the country's international bailout signed in 2015 and comes less than a year after China's COSCO Shipping bought a 51 percent stake in Piraeus Port , Greece's biggest, for 280.5 million euros.

 

The agreement is subject to an approval by a Greek court of auditors and other relevant authorities.

 

($1 = 0.8936 euros)

(Reporting by Angeliki Koutantou, editing by Louise Heavens)