OLP: A “realistically good” offer by Cosco expected

Cosco-Piraeus

Cosco Pacific is expected to submit an improved bid for the controlling stake in Piraeus Port Authority (OLP) on Wednesday that is set to be discussed at the board meeting of the Hellenic Republic Asset Development Fund (TAIPED).

According to local reports the new Cosco offer is expected to be “realistically good” and will likely exceed both valuations that the two independent consultants had made for the Greek privatization fund.

“Cosco and TAIPED have come very close, with most of the distance between them covered by the Chinese company,” a source has told Greek newspaper “Kathimerini”, which understands the deal will likely be agreed to on Wednesday.

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