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Athens Macedonian News Agency: News in English, 16-01-12
CONTENTS
[01] China's Cosco the bidder for majority stake in port of Piraeus
[01] China's Cosco the bidder for majority stake in port of Piraeus
The Chinese multinational Cosco is the only bidder in a tender for the
acquisition of a 67-pct stake in Piraeus Port Authority (OLP), Greece's
privatization agency revealed on Tuesday, after it unsealed the offers.
According to the Hellenic Republic Asset Development Fund (HRADF), its
board of directors unsealed 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.
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