COSCO Piraeus bid back on track

Comments by visiting official signal change in Greek government's attitude on stake sale

Comments by a visiting Greek official indicate that the bid by China Ocean Shipping (Group) Co for the Piraeus Port Authority, which has been on hold for about two months following the country's election, could be accepted in the next few weeks.

COSCO was one of five industry players, including the United States' largest port management company Ports America Inc, to show an interest in a 67 percent stake in Piraeus Port Authority in the second half of 2014.