Greece´s national Fund announced on Monday that it picked the consortium of Grimaldi Euromed S.p.A. & Minoan Lines, as its preferred investor for the acquisition of a 67% majority stake in the share capital of Heraklion Port Authority, the biggest city on the Island of Crete.
Grimaldi Euromed S.p.A. & Minoan Lines offered a total of €80 million for the acquisition of a 67% majority stake.
The Hellenic Republic Asset Development Fund, a member company of Growthfund, during a meeting on Monday proceeded to the unsealing of the two binding offers received on April 24, 2023, for the development of Heraklion Port Authority, through the acquisition of a 67% majority stake in the share capital of the Authority.
The consortium of Grimaldi Euromed S.p.A. & Minoan Lines offered the highest price and was declared as the preferred investor in the tender for the development of Igoumenitsa Port Authority.
The national fund of Greece considers this offer as a “vote of confidence in HRADF’s procedures,” which operates for the development of critical assets of Greece.
The tender for the development of Heraklion Port Authority is part of the strategic plan for the upgrade of the infrastructure of Crete, with the construction of the Northern Road Axis of Crete and the New International Airport of Heraklion.
A file relating to the tender process will be submitted to the Court of Audit for pre-contractual audit, the Fund reports.
Furthermore, the signing of the share purchase agreement will take place after the completion of the pre-contractual audit.