Igoumenitsa Port Authority S.A. (IPA S.A.)



  • On July 17, 2020, HRADF launched an international tender for the sale of a majority stake of 67% in the share capital of Igoumenitsa Port Authority (IPA S.A.)
  • On October 6, 2022, the consortium Grimaldi Euromed S.p.A – Minoan Lines S.A. – Investment Construction Commercial and Industrial S.A. was declared as Preferred Investor for a total fee of 84.170.000 euros.
  • The agreement was signed on March 21, 2023, while the transfer of the shares was completed on October 20, 2023.


The company under the corporate name “Igoumenitsa Port Authority S.A.” (OLIG S.A.) has the right to exclusively use and operate the buildings, land and facilities of four (4) ports, namely, the port of Igoumenitsa, the fishing shelter of Sagiada, the fishing shelter of Plataria and the pleasure boat shelter of Sivota, which are located in northwestern Greece, in the administrative region of Epirus, by virtue of a Concession Agreement with the Hellenic Republic. The Concession Agreement has a duration of 60 years from its signing, thus expiring on February 3rd, 2062.

The main activities of OLIG S.A. comprise the provision of berthing to ferries and Ro-Ro ships for local and international lines. In addition, the Company provides auxiliary services to ships (water, electricity, telecommunication services, etc.) and exploits land and buildings of the Port.

Pursuant to the decision No. 222/05.11.2012 of the Inter-ministerial Committee for Restructuring and Privatisations (GG 2296/B/2012), shares corresponding to 100% of the share capital of the “Igoumenitsa Port Authority S.A.” were transferred to HRADF.

HRADF has appointed Deloitte Business Solutions S.A. and Euroconsultants S.A. to act jointly as its financial advisor, Your Legal Partners, Dracopoulos & Vassalakis LP and Alexiou – Kosmopoulos Law Firm to act jointly as its legal advisor, Doxiadis Associates as its technical advisor and Port Consultants Rotterdam BV as its commercial advisor with regards to the Tender Process and the Transaction.




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