Binding bids for Greek port of Piraeus expected next week

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One of Europe’s last great port privatisation sagas appears finally to be reaching its end game after the Wall St Journal reported that three of the largest international port operators – Cosco Pacific, APM Terminals and International Container Terminal Services Inc (ICTSI) – are expected to lodge bids for a 67.7% stake in the Piraeus port authority. While it has been a terrible few years for the Greek economy, Piraeus can justly lay claim to being one of the most ...