Piraeus, 12.01.2016
ANNOUNCEMENT
Further to its previous announcement Piraeus Port Authority SA notifies the information received from the HRADF on the privatisation process for the sale of a 67% shareholding in PPA SA and is as follows:
"The Hellenic Republic Asset Development Fund (Fund) announces that during today's session, its Board of Directors unsealed the binding financial offer for the sale of a 67% shareholding in Piraeus Port Authority SA, submitted by Cosco Group (Hong Kong) Limited.
According to the terms of the process, the Fund requested the submission of an improved financial offer to be assessed at a subsequent meeting of the Board scheduled to be held in the coming week".
Based on the announcement above, which was published by PPA upon query of the Hellenic Capital Market Commission, became a new request by the Management of the Company for the lifting of the temporary suspension of the PPA SA shares trading before the next opening of the market.
