Greece Delays Piraeus Port Sale

Maritime Activity Reports, Inc.

November 19, 2015

Greece has pushed back the date for the submission of binding bids for the sale of its biggest port Piraeus (OLP) by two weeks to Dec. 15 upon investor request, the head of its privatization agency said on Thursday.
China's Cosco Group, Danish container terminal operator APM Terminals and Philippines-based International Container Terminal Services were to submit bids on Dec. 3 for a 51 percent stake in OLP.
"Investors have asked for a two-week extension... to have enough time to check (the company's) financial data", the head the privatization agency, Stergios Pitsiorlas, told Reuters.

(Reporting by Angeliki Koutantou)
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