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Greek govt halts Piraeus port sale

By Zhong Nan ( China Daily ) Updated: 2015-01-29 07:37:46

COSCO insists deal will bring more jobs, economic prosperity to European nation

Greece's new government has halted the privatization of the country's biggest port Piraeus, a state selloff in which China Ocean Shipping (Group) Co had already expressed a strong interest.

COSCO, the world's second-largest shipping company, and four other suitors were seen as potential buyers of a 67 percent stake in Piraeus Port Authority OLP last year under the scheme agreed by the previous government.

Greek govt halts Piraeus port sale

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