The Chinese shipping and port group Cosco is the only bidder in the tender for the acquisition of a 67% stake in Piraeus Port (OLP), as Hellenic Republic Asset Development Fund (HRADF) revealed on Tuesday, after it unsealed the financial offers.

According to HRADF, its board of directors unsealed during a meeting Cosco’s binding financial offer and will request a better offer, which will be examined next week.

“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,” the Fund said in a press release.

“Our aim is to achieve a higher offer; the negotiating process is continuing,” senior HRADF officials said after the meeting.