OLP SA

Cosco-controlled Piraeus Port Authority SA (OLP) has accused the state's Public Authority of Piraeus Port (DALP) of a "systematic effort to dispute the privatization of OLP and its operation in the context of the law on private enterprises," effectively speaking of state intervention.

The government is attempting to appoint staff to positions at the privatized Piraeus Port Authority (OLP) and to cancel a tender that OLP has already set in motion, with two amendments tabled for inclusion in a Shipping Ministry bill to be discussed on Thursday in Parliament.

By Ilias Bellos

With one eye on the country?s negotiations with its creditors, state sell-off fund TAIPED is proceeding with the tender for the controlling stake in Piraeus Port Authority (OLP), with a likely deadline for the submission of binding offers on September 17.