The Greek government today will open financial offers submitted in a tender to buy 67 pct of the Piraeus Port Authority, a process characterized as the its biggest challenge so far in terms of an ambitious privatization programme.
Even though Hellenic Republic Asset Development Fund has not published the number of binding offers submitted with Morgan Stanley in London, merchant shipping ministry sources told ANA-MPA that the only bid submitted to the Fund was by Chinese multinatoinal Cosco, while the other candidate, Denmark-based Maersk, is reportedly more interested in the northern port of Thessaloniki, with binding offers expected to be submitted in three months.
Under the terms of the tender, any possible buyer of Piraeus Port was committed to making investments worth 340 million euros in the port, mainly to boost sea cruise services, new tanks for ship repair and new infrastructure in the ship-building zone.
Source: ANA-MPA
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
