Ship­ping firm among bid­ders for Greek port

China Daily (Canada) - - NEWSCAPSULE -

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 and among the top 10 container ports in Europe

The state-owned com­pany will com­pete with four other suit­ors, Reuters re­ported, cit­ing sources from the Greek pri­va­ti­za­tion agency Hel­lenic Repub­lic As­set De­vel­op­ment Fund. Bind­ing of­fers for the port are ex­pected to be sub­mit­ted by the bid­ders by the end of the year.

COSCO of­fi­cials de­clined to com­ment when con­tacted by China Daily. (Photo 1)

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