China’s Cosco is sole bidder for stake in Piraeus Port
The Chinese shipping and port group Cosco is the only bidder in the tender for the acquisition of a 67 pct stake in Piraeus Port (OLP), Greece’s privatization agency revealed on Tuesday, after it unsealed the financial offers.
According to the Hellenic Republic Asset Development Fund (HRADF), its board of directors unsealed during a meeting Cosco’s binding financial offer and will now request a better offer, which will be examined next week.
“According to the terms of the process, the Fund requested the submission of an improved financial offer to be assessed at a subsequent meeting of the Board scheduled to be held in the coming week,” the Fund said in a press release.
“Our aim is to achieve a higher offer; the negotiating process is continuing,” senior HRADF officials said after the meeting.
You may be interested
Mystery titanium ball found in Bahamas from spacePanos - Mar 01, 2021
A heavy titanium ball, believed to have been a part of a Russian spacecraft, has been discovered on a beach…
Greek government spokesperson resignsPanos - Mar 01, 2021
The Greek government spokesperson, Christos Tarantilis submitted his resignation in a letter to the Prime Minister, Kyriakos Mitsotakis on Sunday.…
Video shows Turkish President Erdogan supported as he walks down stairsPanos - Mar 01, 2021
A video showing Turkish President Erdogan Turkey being supported as he tries to walk down a flight of steps with…