COSCO the only bidder to submit an offer in Piraeus Port Authority tender
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
AEK Athens drawn against Dynamo Kyiv in Europa League final 32makis - Dec 11, 2017
AEK Athens will face Ukrainian team Dynamo Kyiv in the final 32 knock stage of the Europa League. Games will…
Moment of explosion at New York stationmakis - Dec 11, 2017
The New York Police Department says it is responding to a report of an explosion near Times Square. The response…