On 18 September 2024, the Grimaldi Group finalised its acquisition of a 67% stake in the Heraklion Port Authority (HPA S.A.), solidifying its presence in the strategic port located in Crete. This acquisition, worth €80 million, was completed in partnership with the Hellenic Republic Asset Development Fund (HRADF), which retains a 33% share.
The acquisition marks a significant development for the port, providing a platform for further growth and enhancing its role in Mediterranean trade routes. Grimaldi Group’s investment will focus on upgrading the port’s infrastructure, fostering sustainable growth, and introducing renewable energy projects to transform Heraklion into a green port.
Grimaldi Euromed’s President, Emanuele Grimaldi, highlighted the port’s potential as a hub for both freight and passenger services, contributing to the local economy by increasing tourism, trade, and job opportunities.
This acquisition follows Grimaldi’s prior investment in the Port of Igoumenitsa, reinforcing the group’s commitment to enhancing Greece’s maritime infrastructure.
