IOBE: Thessaloniki port authority privatization to benefit economy by up to 1.6 bln€ over 10 years

23 June 2017
923 Views

The Athens-based Foundation for Economic & Industrial Research (IOBE) has calculated additional benefits for the Greek economy of up to 1.6 billion euros over a 10-year period from the privatization of the Thessaloniki Port Authority (THPA).

A consortium comprised of Deutsche Invest Equity Partners GmbH, Belterra Investments Ltd. and Terminal Link SAS has been declared the highest bidder in an international competitive process to sell off a 67-percent stake in the port authority, the largest in northern Greece.

In the IOBE report, authored by Svetoslav Danchev, Alexandros Moustakas and Elias Demian,
the additional benefits for the economy are estimated at 1.2 to 1.6 billion euros until 2026 — 289 million euros to 383 million euros for remuneration of the workforce and 470 million to 605 million euros in additional revenue for the state.

Greece’s privatization fund (HRADF) this week declared the international consortium as the preferred investor in the tender. The consortium had previously submitted an improved bid for 67 percent of the port authority’s shares, totaling just more than 231 million euros. The total value of the agreement reaches 1.1 billion euros.

You may be interested

Covid-19 Greece – 339 new cases reported
GREECE
shares31 views
GREECE
shares31 views

Covid-19 Greece – 339 new cases reported

makis - Sep 18, 2020

A total of 339 new cases of coronavirus in Greece were announced today, 39 of which were identified after checks…

Covid-19 Greece – 9 deaths in a day reported
GREECE
shares28 views
GREECE
shares28 views

Covid-19 Greece – 9 deaths in a day reported

makis - Sep 18, 2020

A total of 359 new cases of coronavirus in Greece were announced today, 36 of which were identified after checks…

Researchers untangle Crete’s oldest number system
GREECE
shares31 views
GREECE
shares31 views

Researchers untangle Crete’s oldest number system

Panos - Sep 18, 2020

According to a statement released by Elsevier, Silvia Ferrara of the University of Bologna and her colleagues conducted a new…

Leave a Comment

Your email address will not be published.