Piraeus Port Authority establishes subsidiary to expand business activities

Piraeus Port Authority (PPA S.A.) has announced that it proceeds with the establishment of a subsidiary company under the name “Piraeus Gate Supply Chain Single-Member S.A.”, based in Piraeus, as resolved by the board of directors during its meeting on October 19.

The initial share capital of the subsidiary company will amount to €30,000.00, and the participation of PPA S.A. in its share capital will be 100%.

The corporate purpose of “Piraeus Gate Supply Chain Single-Member S.A.” indicatively includes the development and provision of integrated services in the fields of supply chain (logistics), transportation, and port and related infrastructure, including the development, operation, and exploitation of storage facilities and distribution centers; the warehousing, handling, and distribution of goods; and the provision of related services and technological solutions.

Concurrently, the company will be active in real estate development, management, and utilization, as well as in the development, financing, implementation, and exploitation of investments and business projects in Greece and abroad, particularly in the sectors of tourism and hospitality, energy, infrastructure, transportation, the environment, real estate, and technology.

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