On September 28, 2023, the Board of Directors of the Hellenic Republic Asset Development Fund (HRADF) decided to declare Thessaloniki Port Authority S.A. (ThPA) as the Preferred Investor for the acquisition of 67% of the shares of “Volos Port Authority S.A.”, the managing company of the Port of Volos, for a price of 51 million euros, ANA reports.
ThPA S.A.’s participation in the HRADF tender for the utilization of the Port of Volos was decided by the Company’s Board of Directors following a comprehensive market analysis and an assessment of the Volos port’s development prospects.
The decision to participate in this tender is consistent with ThPA S.A.’s strategic business goals for the development and provision of a multi-gateway intermodal network and logistics solutions for the Balkans and the broader Southeast, Central, and Eastern European region.
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