The Chinese conglomerate will pay an additional 88 million euros for the extra 16 percent stake in Greece’s largest port.
06 Jul 2016
The original deadline for binding bids was April 26, but Greece’s privatization agency has pushed it back three times.
05 Jul 2016
The sale, which was agreed in April, hit a hitch last week after Cosco raised concerns that the Greek government had changed the terms of the deal.
30 Jun 2016
China Cosco Shipping says the Greek government is not living up to its side of the bargain in the deal they struck for the port of Piraeus.
13 Jun 2016
Shareholders of Greece’s Piraeus Port Authority approved a concession agreement with Cosco Shipping Group.
18 Apr 2016
In a major surprise, China’s Cosco has decided not to submit a bid to acquire Greece’s state-owned railway.
15 Apr 2016
China’s Cosco, Russian Railways and Italy’s state-owned railway, Trenitalia, are expected to submit initial bids for Greece’s national rail operator by today’s deadline.
08 Apr 2016
The Greek government today officially sold the country’s largest port, Piraeus, to China’s Cosco Group, prompting striking dockers to stage a protest march through downtown Athens.
30 Mar 2016
Cosco Pacific’s decision to commit more than $1 billion at the beginning of the year to acquire control of the port of Piraeus, once a sleepy and inefficient backwater, is already looking like a winning investment.
21 Mar 2016
Greece has delayed the March 21deadline for initial bids for state-owned freight and passenger rail company Trainose.
16 Mar 2016
Cosco Pacific is being hotly tipped to clinch the bid for Greece’s state-owned rail operator just weeks after winning control of the nation’s largest port of Piraeus, a top Mediterranean container hub.
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