Cosco in Piraeus shortlist
By Zhong Nan | China Daily | Updated: 2014-06-07 07:18
Top Chinese shipping firm looking to buy majority stake in largest port in Greece
China Ocean Shipping (Group) Co, the world's second-largest shipping company, has been shortlisted as a potential buyer to acquire a majority stake in Piraeus Port Authority SA, the largest port in Greece.
The State-owned company will compete with four other suitors, Reuters reported, citing sources from the Greek privatization agency Hellenic Republic Asset Development Fund.
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