Greece to pick China-backed bid for landmark property privatisation-source

Greece received on Wednesday an improved, 915 million euro ($1.26 billion) by Greek real estate firm Lamda Development to develop the old Athens airport at Hellenikon and will likely accept the offer, a source close to the talks said. The sole bidding group is led by Lamda, a real estate firm controlled by the Latsis-family, and also comprises Chinese company Fosun and an Abu-Dhabi-based real ...

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