ECONOMY

Cosco set to table ‘realistically good’ offer for OLP on Wednesday

cosco-set-to-table-realistically-good-offer-for-olp-on-wednesday

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).

Reliable sources say that the new Cosco offer will be "realistically good" and will likely exceed both valuations that the two independent consultants had made for the TAIPED 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 Kathimerini, which understands the deal will likely be agreed to on Wednesday.