The bids for OLP

The bids for OLP

Athens, December 22, 2015/ Independent Balkan News Agency

By Olga Mavrou

The deadline for the submission of the final bids for the majority stake of  OLP (the Piraeus Port Authority SA) which is under privatization expired at 19.00  (17.00 for London)  today (Monday). The names of the would be investors are not to be disclosed until January the 12th, but it is certain that among them is the Chinese COSCO. It is also known that other interested parties were the Danish APM Terminals and the Philippine International Container Terminal Services.

Wall Street Journal, considered the bid to be around 400 million euros for the 67% of the shares (initially 51% and  later another 16%)

The bids were submitted to the offices of  Morgan Stanley in London