Amber Infrastructure Group has announced that the Three Seas Initiative Investment Fund S.A. (3SIIF) has acquired a significant interest in BMF Port Burgas EAD from Advance Properties OOD.

The investment transaction is subject to customary merger control approval. Advance Property will retain a majority interest. BMF Port Burgas, which comprises Port Terminal Burgas East II and Port Terminal Burgas West, operates under two long-term concessions granted by the Bulgarian government.

Port Terminal Burgas East II is one of the largest port terminals on the Black Sea coast with unique potential for cargo handling and storage. The terminal comprises nine berths and five piers. With a total quay length of 2,145 meters and a maximum draft of 14.6 meters, the terminal is capable of receiving a wide variety of vessels. Port Terminal Burgas West has six berths with a total length of approximately 1,188 m.