Kidnappers have released an elderly and ill Greek shipping magnate early Tuesday, eight days after they snatched him at gunpoint in a seaside suburb of Athens, police said. Periklis Panagopoulos, 74, was found in the Aspropyrgos industrial area outside Athens early Tuesday, police said in a statement. The magnate's wife, Katerina Panagopoulou, told private Alter television that he was unharmed. Police said the crew of a passing patrol car found the elderly man in a parking lot on a main highway some nine miles (15 kilometers) southwest of Athens. Press reports said Panagopoulos' family paid the kidnappers an undisclosed sum in ransom early Monday, but police could not immediately confirm that.