Greece in advanced talks with China’s Cosco on Piraeus port

May 15 Greece is in advanced discussions with China’s Cosco to boost their cooperation in the country’s biggest port Piraeus , the Greek defence minister said on Friday.

Cosco, which currently manages two container piers at Piraeus Port, is also interested in acquiring a majority stake. Athens has put the port up for sale.

“We are in very advanced talks to expand this cooperation very soon in relation with the inclusion of a railway network as well,” Defence Minister Panos Kammenos told an economic conference in Athens.

Greece unblocked the sale of a 51 percent stake in Piraeus port and has invited Cosco and two other shortlisted investors to submit binding bids by September.

Full article: Greece in advanced talks with China’s Cosco on Piraeus port (Reuters)

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