EY-Parthenon provided infrastructure advisory on the sub-concession of the Commercial Port of Kavala, Philippos II, Greece

EY-Parthenon (the transformative strategy, transactions and corporate finance practice of EY) in Greece provided public sector infrastructure advisory to the Hellenic Republic Asset Development Fund (currently known as the Growthfund), on the sub-concession of the right to use, maintain, operate and exploit a multi-purpose terminal within a part of the Commercial Port of Kavala “Philippos II” - Kavala Port Authority S.A.

The scope of EY-Parthenon services encompassed both the preparatory and structuring phases before the tender, as well as the tender advisory up to the closure, from a financial advisory perspective. Following an international tender, the sub-concession agreement was signed on November 23, 2023, and was ratified on June 19, 2024. The successful financial closure of the sub-concession was achieved on January 24, 2025.

Commenting on the financial closure, Mr. Tassos Iossiphides, EY Partner and EY-Parthenon Leader in Greece, noted: “We are delighted with the milestone of the commencement of the sub-concession for the Philippos II terminal of the Kavala Port Authority, and to have provided public sector infrastructure (financial) advisory for such a complex transaction, all the way through the financial closure. This project is a significant step toward enhancing Kavala’s position as a trade hub for Northern Greece and the Balkans. Through our infrastructure advisory practice, we remain committed to supporting developmental activities and investment projects in the Greek and international ports within our greater region. I would like to extend my thanks to our EY teams that have been involved in the project from its initiation back in 2018 until today, including Mrs. Roxana Todiroae (Director, Infrastructure Advisory – EY-Parthenon, EY in Greece), as well as to all our colleagues in Greece who contributed to the process leading to the commencement of the sub-concession”.

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