The Agreement for the Sale of the 67% of the Igoumenitsa Port Authority Shares to Grimaldi Group was Officially Signed

By | 2023 Newsletter week 44 | No Comments

On October 20, 2023, Grimaldi EuroMed – Minoan Lines – EKEV (Investment Construction Commercial And Industrial S.A.) officially acquired the majority share of the Port of Igoumenitsa -during a ceremony in the port facilities- in the presence of Prime Minister Kyriakos Mitsotakis, Minister of National Economy and Finance Kostis Hatzidakis, Minister of Shipping and Insular Policy Christos Stylianides and CEO of the Hellenic Republic Asset Development Fund (HRADF) Dimitris Politis.

The specific agreement aims to upgrade the port of Igoumenitsa as well as the better exploitation of its potentials as a major gateway to the Adriatic and the Mediterranean Sea.

The State will maintain the ownership of all the ports’ infrastructure, in which the State remains a strategic partner of the private investor, maintaining a 33% stake through HRADF.

As part of the agreement, the Greek State will also receive an annual concession fee equal to 3.5% of the revenues of the Port of Igoumenitsa S.A. Fee that will mainly be attributed to the Municipalities of Igoumenitsa and Filiates as a tangible financial benefit to the local community.