HRADFHellenic Republic Asset Development Fund (Greece)
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Also included in the calculations, are forecast dividend payments to HRADF for the remaining 7.22 pct share, and additional investments until the contractAaAaAeAcs end in 205
COSCO is expected to increase its stake in Piraeus Port to 67 per cent over the next five years, HRADF said.
A senior HRADF official said earlier on Monday: "We will delay the opening because of the (Christmas) holidays, which means it will be around Jan.
As part of the international tender process for the regional airport concessions launched in 2013, HRADF selected the Fraport consortium as preferred bidder in November 2014.
Spokespeople from Al Maabar and HRADF did not respond when contacted by Arabian Business for comment.
It will boost Greece's capital, which it needs for investment in the upgrade of its energy sector, HRADF said.
Development Minister Costis Hatzidakis and Yiannis Emiris, managing director of Greece's privatization fund, Hellenic Republic Asset Development Fund (HRADF), said ( the government would like to see an investor by the start of 2014 if not sooner , according to the Greek news site
Binding bids for the company are to be submitted to Greece's privatisation agency HRADF by April 12.
Under his management, HRADF concluded a e1/41.2b airport lease deal with Germany's Fraport and the sale of a 67 per cent stake in Greece's biggest port Piraeus to shipping giant China COSCO Shipping.
is very important and a strong message to everyone that the Greek economy is gaining market confidence," said Stergios Pitsiorlas, the head of Greece's privatization agency HRADF, in a statement.