Greece delays Piraeus Port Sale
ATHENS, Nov 19 (Reuters) – Greece has pushed again the date for the submission of binding bids for the sale of its greatest port Piraeus (OLP) by two weeks to December 15, on the request of potential bidders, the pinnacle of its privatisation company mentioned on Thursday.
It is the second time in lower than a month that the sale course of has been delayed. Greece final month pushed again the date from Oct. 30 after September elections and resistance from native authorities.
China’s Cosco Group, Danish container terminal operator APM Terminals and Philippines-based International Container Terminal Services had been to submit bids on Dec. 3 for a 51 p.c stake in OLP.
“Investors have asked for a two-week extension… to have enough time to check (the company’s) financial data”, the pinnacle of the privatisation company, Stergios Pitsiorlas, advised Reuters.
Privatisations, which have been a key situation of Greece’s worldwide bailouts, had been successfully halted after a brand new leftist authorities took energy in January. They had been kickstarted once more as a part of a 3rd bailout the nation clinched with worldwide lenders in the summertime.
Pitsiorlas additionally mentioned Greece was on observe to signal a deal subsequent month to lease 14 regional airports to Germany’s Fraport .
The deal will should be cleared by EU competitors authorities and the Greek parliament to take impact. (Reporting by Angeliki Koutantou; Editing by Elaine Hardcastle)
(c) Copyright Thomson Reuters 2015.
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