The Hellenic Republic Asset Development Fund (HRADF) announced that only Cosco Group submitted the offer for the acquisition of a 67% shareholding in Piraeus Port Authority.
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 tender process for the sale of majority stake in “Piraeus Port Authority” was launched in March2014, through HRADF announcement for the invitation to submit an expression of interest. The port is a hub of international trade being the only European port in the East Mediterranean with the necessary infrastructure for the accommodation of transshipment cargo.
Piraeus Port is main gate for Hellenic imports and exports
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