Maersk's port company APM Terminals has lost its patience with the Greek authorities in the long process of privatizing the country's major port in Piraeus, and has stepped down as a potential buyer, writes news media Seatrade Maritime.
Chinese Cosco Pacific is presumably the only company left which is still interested in acquiring 67 percent of the state-owned port, which is the largest in Greece. Cosco Pacific, which is listed in Hong Kong, was the only company to turn in a binding offer, according to Seatrade, just four hours before the deadline expired on the 21st of December.
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