Thessaloniki Port Authority announces significant changes to voting rights

Thessaloniki, Greece (Ports Europe) June 14, 2021 – Thessaloniki Port Authority S.A. (ThPA) has announced notifications received from Belterra Holdings, from Nikos Savvidis, from the company TransConnect Unternehmensberatungs-und Beteiligungs GmbH and from Stephan Goetz, regarding a significant change of the voting rights of ThPA. The change is a result of the transfer from June 6, 2021 (transaction date) by the seller Helanor Holdings to the buyer Belterra Investments of the remaining 70% of the shares of the company Melbery Investments, which controls, within the meaning of article 3 par. 1 (c) Law 3556/2007, South Europe Gateway Thessaloniki Limited-SEGT, which holds 6,753,600 shares of the issuer, corresponding to 67% of the voting rights of ThPA S.A. ThPA reported the following changes: A) Stephan Goetz and TransConnect GmbH, which is controlled within the meaning of article 3 par. 1 (c) of Law 3556/2007 by Stephan Goetz, announce that, following the 4/6/2021 private Share Transfer Agreement (STA) between Belterra Investments and Helanor, Goetz does not control, neither directly nor indirectly, any voting rights of the issuer ThPA S.A. Prior to the transaction date, Goetz indirectly controlled 6,753,600 shares and equal voting rights, that is 67% of the issuer’s voting rights. B) Nikos Savvidis and Belterra Holdings, announce that Savvidis indirectly controls 6,753,600 shares and voting rights of the issuer, which corresponds to 67% of the voting rights, as he controls, within the meaning of article 3 par.1 (c) L. 3556/2007, Belterra Holdings, which controls, within the meaning of article 3 par.1 (c) L. 3556/2007, Belterra Investments, which controls, within the meaning of article 3 par. 1 (c) Law 3556/2007 and following the 4/6/2021 private Share Transfer Agreement (STA) with Helanor, Melbery, which controls, within the meaning of article 3 par.1 (c) Law 3556/2007, “South East Europe Gateway (SEGT)”, owner of 6,753,600 voting rights of the issuer, that is 67% of voting rights. Prior to the transaction date, Savvidis did not control, neither directly nor indirectly, within the meaning of article 3 par.1 (c) L. 3556/2007, voting rights of the issuer. Thessaloniki Port Authority (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. More information about Savvidis see Ports Europe article Controversial Russian businessman, close to Putin, to control Thessaloniki port - February 5, 2021 Copyright (C) Ports Europe. All Rights Reserved. 2021.

Thessaloniki Port Authority announces significant changes to voting rights

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Thessaloniki Port Authority announces significant changes to voting rights

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