Cosco declared preferred investor for Piraeus Port

The Hellenic Republic Asset Development Fund (TAIPED) announced that it has formally accepted the binding bid submitted by Cosco Pacific for the majority stake in Piraeus Port Authority. 

The sell-off agreement will now be forwarded for approval to the State Audit Council, after which the contract for the sale of the 67% stake in OLP to Cosco will be signed. 

The completion of the transaction will also depend on the Competition Commission’s approval.

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