Taiwan University reaches top biohydrogen production rate

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Greek Lawmakers Approve Sale of Piraeus Stake to Cosco

first_imgThe sale of the majority stake in the Greek port of Piraeus to China’s port operator Cosco Group (Hong Kong) Limited has been ratified by the country’s lawmakers on Thursday, Reuters reports.Under the agreement, the port operator will purchase 67 percent in the port for EUR 368.5 million (USD 411 million), representing a price of EUR 22 per share.The company will initially purchase 51 percent in the port for an amount of EUR 280.5 million, and the remaining stake of 16 percent over five years, for EUR 88 million.The deal includes the investment of EUR 350 million in the port over a period of ten years.After it signed an agreement with the TAIPED (Hellenic Republic Asset Development Fund) for the transfer of the majority stake in the Piraeus Port Authority in April, Cosco Group (Hong Kong) Limited received approval for the new concession agreement in mid-June.The Piraeus Port Authority (PPA) and Thessaloniki Port Authority (THPA) are being privatized as part of the country’s bailout plan.Russia’s President earlier revealed his intention to bid for the port of Thessaloniki, the second biggest port in Greece, which is being privatized under the same terms as the port of Piraeus.Greece plans to invite investors to submit binding bids for a majority stake in the port in Thessaloniki at the end of September.World Maritime News Stafflast_img read more

Chelsea outbid for Battersea site

first_imgStamford Bridge has been Chelsea’s home since 1905.The site came back on to the market last year after the proposed building of shops, homes and offices fell through.A Chelsea statement read: “We are disappointed not to be selected as the preferred bidder for Battersea Power Station.“We believe we can create an iconic and architecturally significant stadium on the site in a scheme which is commercially viable and of great benefit to the Wandsworth community and London generally.“We have been clear throughout this process that Battersea is one of a limited number of options the club is considering.”Chelsea announced earlier this month they had submitted a formal offer to Wandsworth Council to buy the land ahead of a possible move from Stamford Bridge – the Blues’ home for the last 107 years.The club’s relocations plans are complicated by a disagreement with Chelsea Pitch Owners (CPO), a fan-owned company which acquired the Bridge’s freehold in 1997 to protect it from developers.An attempt by the club to buy the freehold back in October was rejected by CPO’s shareholders.See also:Chelsea ‘way off the pace’ in race to buy power station siteChelsea are not like Arsenal and shouldn’t leave Stamford BridgeA move to ‘the Battersea Bridge’ makes sense for Chelsea Malaysian property tycoons SP Setia and Sime Darby have won the right to redevelop Battersea Power Station, beating Chelsea’s bid to acquire the site.The successful bid is believed to be worth £400m and sets out plans for a complete revamp of the area on the south bank of the Thames, including an extension of the Northern Line of the London Underground.The power station has been closed for three decades, during which time a number of planned redevelopments have come to nothing.AdChoices广告 Follow West London Sport on TwitterFind us on Facebooklast_img read more