Sale of 67 pct stake in Piraeus Port Authority approved
Greece’s Court of Audit has approved the sale of a 67 percent in the Piraeus Port Authority (OLP) to Chinese giant Cosco, sources at the TAIPED privatization fund said on Tuesday.
TAIPED accepted Cosco’s bid for the majority stake in OLP last month. Cosco was the only interested party that submitted a binding offer by the December deadline.
Cosco will in a first phase obtain 51 percent of the shares for 280.5 million euros, and the remaining 16 percent within five years for 88 million euros.
You may be interested
Golden Globe Awards 2021: Borat 2 wins best comedy filmPanos - Mar 02, 2021
The movie “Nomadland” and the much-discussed sequel to “Borat” were the big winners of the 78th Golden Globe Awards 2021,…
The Turkish research vessel Cesme sails for central Aegean SeaPanos - Mar 02, 2021
The Turkish hydrographic ship Cesme resumed its survey activities in the Central Aegean from today, March 1st, at dawn. At the first…
Foreign Policy: Who is hot & who is not in the Middle East – AnalysisPanos - Mar 02, 2021
On February 22nd, 2021, Politico ran a story revealing the Biden administration is deprioritizing the Middle East. It was an interesting read. Yet…