Friday May 9, 01:48 PM
Cosco and Hutchinson submit bids to manage Piraeus Port Authority sources
ATHENS (Thomson Financial) - China's Cosco Pacific (1199.HK - news) and Hutchison Whampoa Limited (Munich: 869503 - news) have both submitted separate bids in the tender to manage Greece's Piraeus Port Authority SA, sources close to the matter told Thomson Financial News.
The sources explained that Hutchinson is leading a consortium of three other parties including its unit Hutchison Port Investment, Greek pharmaceutical company Alapis and the Greek company LID.
Friday was the last day for the submission of bids to the tender launched by the Greek state, the sources added.
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