Procedures for the exploitation of the port of Volos begin

The Hellenic Republic Asset Development Fund- HRADF announced the start of the process for the exploitation of the Volos Port Authority, by posting a brief description of the project and the conditions that will govern the international tender for the sale of a majority of the shareholding capital of the company on the Fund’s website .

At the same time, it is emphasized that the consultants assisting the Fund in the process of privatizing the Volos Port Authority have been instructed to investigate possible investment interest in the disposal of a percentage of the company’s share capital amounting to at least 67%.

Right to use and exploit

The Volos Port Authority has the right to use and exploit the port of Volos, the marine facilities of the fishing shelter located at the eastern end of the city’s seafront, the port facilities of Almyros and Agria.

The Concession Agreement between the State and the Volos Port Authority it has a term of 60 years from its signature and expires in 2062. The company’s main activities include cargo and container services, steel and scrap, dry and liquid bulk and passenger services, including ferry boats to the Sporades, as well as cruise operations.

As noted, the HRADF has appointed Deloitte Business Solutions S.A. and Euroconsultants S.A. to act jointly as financial advisors and Doxiadis Associates has acted as technical advisor with regard to the tender process and the transaction.