Binding bids for Piraeus port expected by Dec 15 at the latest, sources say

18 November 2015
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A revision of a concession contract signed between Piraeus Port Authority and the Greek state, needed to pave the way for the privatization of the port of Piraeus, has not been completed yet, an official of Hellenic Republic Asset Development Fund (HRADF) told ANA-MPA on Wednesday, adding that a consultation on the issue was currently underway with all interested ministries.

He said that a revised contract -currently under consultation- was accessible in a special web page to all official candidate investors (Cosco, APM Terminas and ICTS) who are able to submit their observations ahead of an anticipated purchase of a majority stake in the organization.

According to sources, submission of binding offers by the three candidates are expected to have been completed by December 15 at the latest, while Cosco and APM Terminals are said to continue showing strong interest in the investment.

Piraeus Port Organization is currently under an audit control for the 2014 results and for the nine-month results this year.

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