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Privatisation of four Greek regional ports

07 April 2020 | Published in News.

We are proud to announce that Dracopoulos & Vassalakis LP has been appointed as legal advisor to the Hellenic Republic Asset Development Fund (the HRADF), jointly with Your Legal Partners and Alexiou – Kosmopoulos Law Firm, in relation to the privatization of the regional ports of Alexandroupolis, Heraklion, Igoumenitsa and Volos through the sale of majority stakes in the relevant sate-owned port operating companies.

The transactions will also involve the amendment of the existing concession agreements between such operating companies and the Greek State and the conclusion of shareholders’ agreements with the respective investors, with the view to maximizing revenues for the benefit of the Greek Privatisation Programme and at the same time achieving a combination of high quality operation, maintenance and exploitation of the ports to the benefit of the national economy.