Cosco may invest 1bn euros in Piraeus
China's Cosco group may invest 1bn euros ($1.3bn) in Piraeus Port, Seatrade Asia online reports.
Greece’s main port is on the government’s privatisations agenda and the Chinese group would be interested in acquiring a 60% stake in OLP,” the paper said without citing sources.
Finance Minister Yannis Stournaras was cited as saying Cosco had “shown an interest” in expanding its investment in Piraeus. Cosco already has a major investment in Piraeus port, which is 74% state-owned, and is planning to make the investment proposal after Athens decides what procedures it will follow on the privatisation of its two largest ports, Piraeus and Thessaloniki Port.
