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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 8 sources · 14 days · First seen · Last updated

Piraeus Port Authority corporate expansion

Overview

Shareholders of the Piraeus Port Authority (PPA) approved amendments to the company’s corporate charter with a 99.94% majority. This decision allows the company to expand its business activities beyond the Port of Piraeus by investing in port infrastructure, logistics, and corporate stakes both within Greece and internationally.

The new framework enables PPA to participate in the development, operation, and management of other port facilities, establish subsidiaries, and engage in joint ventures. A significant focus is placed on the supply chain, including warehousing, distribution, and land transportation. PPA Chairman Han Chao stated that the modernization is intended to align the company with “modern business practices and long-term growth objectives,” though management noted that the provisions do not currently refer to any specific project or investment plan.

Entities

Greece · Piraeus Port Authority · Apollo Management International LLP · Han Chao · Piraeus Bank

Timeline

  1. 1 day ago

    [BUSINESS] 3 sources
    Piraeus Bank partners with Apollo to distribute investment products in Greece

    Piraeus Bank is partnering with Apollo Management to offer Greek individual investors access to ELTIF products, including private equity and private credit strategies.

  2. 16 days ago

    [BUSINESS] 5 sources
    Piraeus Port Authority expands scope for international investment

    Piraeus Port Authority shareholders approved charter amendments with 99.94% support, enabling the company to expand into logistics and port infrastructure investments in Greece and internationally.

Sources

naftemporiki.gr · newmoney.gr · ot.gr · portalportuario.cl · powergame.gr · protagon.gr · protothema.gr · thestival.gr