South Europe Gateway Thessaloniki Limited

South Europe Gateway Thessaloniki Limited is a Cyprus-registered company and shareholder in the Thessaloniki Port Authority (ThPA). ThPA was privatised in March 2018, and was operated by South Europe Gateway Thessaloniki (SEGT) Ltd, a consortium, in turn, then owned by Germany’s Deutsche Invest Equity Partners (DIEP) 47%; France’s CMA CGM (Terminal Link) 33% and Savvidis Group (Cyprus-registered Belterra Investments) 20%. Terminal Link is 49% owned by China Merchants Port Holding, which is controlled by the Chinese state. In February 2021, Russian billionaire of Greek origin, born in Georgia, Ivan Savvidis, acquired the 47% stake in the port owned by DIEP. Savidis, “the Russian tsar of Thessaloniki”, according to local media, now controls 67% of Greece’s second largest port.