OLP cries foul at DALP intervention

Cosco-controlled Piraeus Port Authority SA (OLP) has accused the state's Public Authority of Piraeus Port (DALP) of a "systematic effort to dispute the privatization of OLP and its operation in the context of the law on private enterprises," effectively speaking of state intervention.

In a letter dated February 5, which was sent to the ministers of finance and shipping and the presidents of state sell-off fund TAIPED and the Regulatory Authority for Ports, OLP claims that DALP chief Dimosthenis Bakopoulos "is trying to subrogate the administration of OLP SA and intervenes in the management of the port, which is not only illegal but also goes against the implementation of our company's investment program, which depends on the approval of its master plan."

OLP further claims that the state regulator is creating "serious confusion as to the competences and rights of the...