CMA CGM in winning consortium for Thessaloniki port

CMA CGM in winning consortium for Thessaloniki port

A German-French consortium has won the rights to take over Greece’s second largest port having submitted an improved offer.

Deutsche Invest Equity Partners (DIEP) with the subsidiary of France’s CMA CGM, Terminal Link and the Savvidis Group are paying EUR231.92m to take a 67% stake in Thessaloniki Port Authority.

Other bids initially came in from ICTSI and DP World but Greek authorities demanded improved offers after a disappointing first round of offers.

Greece’s top port, Piraeus, was privatised last year with Cosco taking it.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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