67% of Piraeus Port Authority Goes to Cosco



To match feature GREECE-ECONOMY/SHIPPING

Cosco will now own 67% of the Piraeus Port Authority (OLP), as the Hellenic Republic Asset Development Fund (TAIPED) unanimously declared the company as a Preferred Investor for acquiring the aforementioned percentage of stocks.

After examining the typical forms as requested by the terms of the invitation for possible investors, TAIPED agreed to proceed with Cosco. The folder of the competition will be soon submitted to the Inspection Committee, whereas the contract of stock selling will be signed after the approval of the committee.

The renewed and better offer by Cosco for the 67% of OLP has reached 368.5 million euros.