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HRADF Signs Igoumenitsa Port Share Purchase Agreement with Grimaldi-led Joint Venture

IGOUMENITSA – Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND–The National Fund of Greece, on Tuesday announced the signing of the share purchase agreement for the acquisition of a majority stake of 67% in the share capital of the Igoumenitsa Port Authority for a total price of 84.17 million euros, between the Fund and the joint venture consisting of the companies Grimaldi Euromed SpA-Minoan Lines SA-Investment Construction Commercial and Industrial SA.

The signing ceremony that took place at HRADF’s premises was attended, among others, by the Minister of Maritime Affairs and Insular Policy Ioannis Plakiotakis, CEO of HRADF Dimitris Politis, President and Managing Director of Grimaldi Euromed SpA Emanuele Grimaldi, CEO of GROWTHFUND Grigoris D. Dimitriadis, and President and Managing Director of the Igoumenitsa Port Holding Company SA, Paul Kyprianou.

The signature of the share purchase agreement takes place after the approval of the Court of Auditors, while the ratification of the concession agreement needs to be approved by Parliament.

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