Piraeus Port Authority completes establishment of new logistics subsidiary

Piraeus Port Authority (PPA S.A.) has completed the establishment of a wholly owned subsidiary, Piraeus Gateway Supply Chain Single-Member S.A., following a decision taken by its Board of Directors in October 2026.

The new company has an initial share capital of €30,000, with PPA holding 100% of its shares. The completion was confirmed on November 6, following the Port Authority’s October 19 announcement outlining the proposed subsidiary and its intended business activities.

Based in Piraeus, the subsidiary has been established with a broad corporate purpose covering logistics, transportation and port-related infrastructure. Its planned activities include the development and operation of storage facilities and distribution centres, as well as warehousing, cargo handling, distribution and associated technological services.

The company’s stated corporate purpose also extends to real estate development and management, alongside the development, financing and implementation of business projects in Greece and abroad. These activities may cover infrastructure, transportation, tourism, technology and other sectors identified in the original establishment announcement.

The formation of the subsidiary follows changes to PPA’s corporate framework approved in August 2026, which expanded the company’s ability to establish subsidiaries and participate in other businesses.

While the new legal entity has now been established, PPA has not announced specific investment projects, operational facilities or a timetable for the commencement of its activities.