Three Seas Initiative Investment Fund completed the acquisition of a minority stake in BMF Port Burgas from Advance Properties.

Three Seas Initiative Investment Fund, a dedicated commercial fund targeting infrastructure investment, completed the acquisition of a minority stake in BMF Port Burgas, a port operator in the Port of Burgas, from Advance Properties, an investment holding company. Financial terms were not disclosed. “The investment in BMF Port Burgas is an exciting opportunity to support the further growth of the Port in accordance with the Fund’s objectives. It also marks the first port sector investment of the Fund and the first direct investment in Bulgaria. The further development and continued modernisation of the Port will play a key role in filling the transport infrastructure gap in the southeast part of the Three Seas Region while delivering broader economic benefits to Bulgaria and the Region," Christian Roy, Amber Infrastructure Investment Director.