COSCO the only bidder to submit an offer in Piraeus Port Authority tender

22 December 2015
82 Views

According to confirmed information made available to the electronic edition of To Vima, Chinese firm COSCO is the only company to submit a binding offer for purchasing 51% shares of the Piraeus Port Authority (with an option to buy up to 67%).

The other two rumored potential investors – APM Terminals from Denmark and ICTS from the Philippines – did not submit an offer, despite having been approved to progress to the next phase of the tender by state privatization fund TAIPED.

TAIPED issued a statement explaining that the offer will be revealed on the 12th of January 2016. AT the same time, the estimations of the two appointed evaluators will also be made public.

At present COSCO is managing piers II and III at the port of Piraeus. The company that wins the tender will commit to investing 350 million euros into development projects in the port.

You may be interested

Nearly 1,500 refugees passed into Greece in August
GREECE
shares152 views
GREECE
shares152 views

Nearly 1,500 refugees passed into Greece in August

makis - Aug 18, 2017

The number of refugees and illegal migrants that have landed in the Greek islands of the northern Aegean Sea have…

Father arrested after prostituting daughter for 5 euros
GREECE
shares130 views
GREECE
shares130 views

Father arrested after prostituting daughter for 5 euros

makis - Aug 18, 2017

A father was detained by police after it was revealed that he had been allegedly prostituting his 14-year-old girl on…

Greece does not recognise communist regime crimes
GREECE
shares117 views
GREECE
shares117 views

Greece does not recognise communist regime crimes

makis - Aug 18, 2017

The Greek government declined to take part in an international conference that denounces crimes committed by communist regimes. The Greek…

Leave a Comment

Your email address will not be published.