Greece Wants Improved Bid from COSCO in Piraeus Port
Take me away, mom Animals on the Road	“Water Margin” on eggs Cat the occupier Adorable animals pose like stars Cuddle up together, battling against blizzard Sunshine in the life

 

Greece has asked China Ocean Shipping Company for a better offer in buying a stake in its Piraeus port.

The country has opened the bidding to acquire a 67 percent stake in the Piraeus port and COSCO is the sole final bidder.

The Hellenic Republic Asset Development Fund, Greece's state-owned asset development fund, said in a statement that they requested an improved offer from COSCO.

The offer will be examined at their board meeting next week.

Though the number of the acquisition is not specified in the statement, the current market value of the port is estimated at around 250 million euros, or over 270 million U.S. dollars.

The deal is part of the efforts to overcome the Greek debt crisis.

Last month, Greece finalized similar deals of 14 airports and the sale of the Astir Palace seaside resort in Athens.

Greek officials said that they are looking to raise about 2.6 billion euros from privatization this year.

Author： 　　　Source：CRI　　　 Editor：Yang Fan