CMA CGM has acquired a majority stake in Thessaloniki Port Authority (OLTH) in a deal worth EUR 1.1bn ($1.2bn).
Greece’s Hellenic Republic Asset Development Fund (HRADF) has accepted the improved offer submitted by CMA CGM-controlled Terminal Link along with partners Deutsche Invest Equity Partners and the Ivan Savvidis-controlled Belterra Investments.
The consortium will initially pay nearly EUR 232m for the acquisition of a 67% stake in OLTH.
