The terminal group Euroports and the Greek group Gek Terna, mainly active in the infrastructure, energy and energy sectors and concessions, will manage the commercial port "Philippos B" in Kavala, in north-eastern Greece. In recent days, the two partners, through the "Sarisa Sub-Concession of Kavala" Port Philippos B S.A. also owned by Black Summit Financial Group and EFA Group have signed a sub-concession agreement lasting 40 years with the Port Authority of Kavala which it is expected to generate revenue for the payment of the fee equal to total to approximately 39.9 million euros, with half of the An amount that the Port Authority plans to allocate to modernization of the passenger port "Apostolos Pavlos" of Kavala. The agreement also provides that the concessionaire implements a investments worth 36 million euros.

Thanks to the signing of the agreement, the network of port terminals of Euroports, which in Italy includes the Venice Bulk Terminal of Porto Marghera, now extends to Greece. "Together with the partner Gek Terna - said the CEO and Vice-President of Euroports, Frederic Platini - we are committed to transform Kavala into an international port that satisfies the most high European standards. This partnership reflects our Long-term vision of driving regional growth while strengthening our global network of terminals."

The port area covered by the sub-concession, which is currently operated by the Port Authority, extends for almost 180 thousand square meters and can handle many types of goods, including minerals, in particular marble, fertilizers, agricultural bulk and various goods. The terminal, which has a deep seabed of -12.5 meters, has two platforms of 610 and 315 linear meters and of a ramp for rolling stock.