Independent journal on economy and transport policy
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COSCO is the only offerer for the acquisition of 67% of the Harbour Authority of the Pireo
Currently the Chinese shipowning group, through the Piraeus Container Terminal, work on docks II and III of the Greek port
January 12, 2016
COSCO is the only offerer for the acquisition of 67% of the capital stock of the Piraeus Port Authority (PPA). The Hellenic Republic has confirmed this afternoon Asset Development Fund (HRADF), the Greek state society that manages the pocketbook of public companies to privatize. Executing today the phase of opening of the offers, HRADF has announced that of the Chinese shipowning group is the only proposal reached for the acquisition of the quota.
COSCO, through the participation of 52.8% in Lowers COSCO Holdings Co. that it stops 44.5% of the COSCO Pacific that in its turn possesses the entire capital of the Piraeus Container Terminal (PCT), currently manages the traffic of the container enlivened on docks II and III of the port of the Pireo.
The final rose of the candidates to the privatization of the quota the Harbour Authority of the Pireo included also Dutch APM Terminals, terminalista society of shipowning group Danish A.P. Møller-Mærsk, and the terminalista group Philippine International Container Terminal Services, Inc. (ICTSI).
The Hellenic Republic Asset Development Fund has specified that the only introduced offer will be examined in a reunion that will be fixed in the course of the sitting of the council in program the next week.
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