Belterra Investments Ltd has acquired a further 1.385 shares in the Greek Thessaloniki Port Authority. With this move the company will have a total percentage of 72,76% of the share capital of the port authority.
The company bought the shares on February 10, which represent a percentage of 0,02% of the share capital and voting rights of Thessaloniki Port Authority Societe Anonyme for a price of €29,00 per share, through stock exchange transactions, which will be settled on February 12, according to a release issued by the Thessaloniki Port Authority.
Taking into account the above acquisitions, when settled, Belterra controls, whether directly or indirectly, a total of 7.334.129 shares and voting rights of Thessaloniki Port Authority, which represent a total percentage of 72,76% of the share capital and voting rights of the company.
In particular, Belterra holds directly 580.529 shares representing 5,76% of the share capital and voting rights of the company, and controls – within the meaning of art. 3 par. 1 (c) of L. 3556/07 – the company under the trade name South Europe Gateway Thessaloniki (SEGT) Ltd, which holds 6.753.600 shares and voting rights representing a percentage of 67,00% of the share capital and voting rights of the company.
Meanwhile, the Greek Thessaloniki Port Authority announced yesterday that the master plan for the port has been approved, with the issuance of Presidential decree, which means that the company is now able to proceed with the full implementation of its development planning, through specific projects and investments.
The expansion of pier 6 has a central role among the significant investments that will be further promoted by the port authority. This flagship investment will further enhance the competitiveness and the commercial activity of the port, significantly upgrading its international position and enabling it to serve main liner container vessels with a capacity of up to 24,000 TEU.
Following the issuance of the decree, the procedures for the implementation of the investment in pier 6 will be initiated immediately, with the receipt of all necessary permits for the relevant construction projects, a development that is expected to take place in the next months.
In addition, the mandatory investment program includes the restoration and utilization of the old customs station building, as well as projects for the improvement, repair, maintenance, upgrade, and reconstruction of the existing port infrastructure.
