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Cosco to offer improved offer for Piraeus Port

The Chinese shipping and port group Cosco is the only bidder in the tender for the acquisition of a 67% stake in Piraeus Port (OLP), as Hellenic Republic Asset Development Fund (HRADF) revealed on Tuesday, after it unsealed the financial offers.

According to HRADF, its board of directors requested an improved offer by COSCO, 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.