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Accusations of backroom deal in Greek port bid

APM Terminals calls Greek accusations of a Danish-Chinese backroom deal "an uncomfortable insinuation", amidst a bidding war over the privatization of the strategic Piraeus and Thessaloniki ports in the debt-ridden country, Danish business daily Børsen reports.

Photo: Thanassis Stavrakis/AP/POLFOTO/arkiv

Competition between Denmark's APM Terminals and Chinese company Cosco for the purchase of the Greek ports in Piraeus and Thessaloniki, set to be privatized, appears to have tapered off shortly before the parties must submit their final bids.

Danish business daily Børsen reported Wednesday that Athens fears a Danish-Chinese backroom deal in connection with the privatization of the ports to the tune of USD 365 million.

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