The Chinese conglomerate will pay an additional 88 million euros for the extra 16 percent stake in Greece’s largest port.
Port of Piraeus
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.
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.
03 Feb 2016
Greek ports will come to a standstill Thursday for the third time this year as dockers, seamen and tug crews join a nationwide, general, 24-hour strike.
26 Jan 2016
Greek ports will be brought to a standstill by a 48-hour strike tomorrow, the second two day walkout in two weeks.
21 Jan 2016
Greece has accepted a “significantly improved” offer from China’s Cosco Group for the state’s majority stake in the Piraeus Port Authority.
20 Jan 2016
Greece’s privatization agency will today weigh an improved offer from China’s Cosco Pacific for a majority stake in the port of Piraeus.
12 Jan 2016
Greece today confirmed Cosco Pacific is the only bidder for a majority stake in the Piraeus Port Authority and immediately asked the Chinese company to submit an improved offer for control of the nation’s largest port.
22 Dec 2015
China’s Cosco Pacific is reportedly the only company that has submitted a bid for a 51 percent stake in the state-owned port of Piraeus.
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