Greek Asset Development Fund speeds up privatization of Piraeus Port Authority

logoGreek Asset Development Fund speeds up the process for the privatization of the Piraeus Port Authority. In particular, the Fund has invited COSCO, APM Terminals and International Container Terminal Services to to sumbit their offers until September 2015. It also informs them that the initial stake to be sold will be 51% instead of 67.7%. It still remains vague what will happen with the remaining stake of 16.7%.