Greek privatization fund Chinese COSCO s bid for acquisition of Piraeus port accepted

The Hellenic Republic Asset Development Fund (HRADF)’s board of directors accepted the improved offer made by COSCO Group (Hong Kong) Limited in the context of the tender for the sale of the 67 percent of Piraeus Port Authority (PPA) shares.

The fund’s governing board had opened COSCO’s initial offer on Jan. 12, but requested an improved bid.

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