Greece in discussion with COSCO over Piraeus Port

Cosco, which currently manages two container piers at Piraeus Port, is also interested in acquiring a majority stake. Athens has put the port up for sale. Defence Minister Panos Kammenos is reported as announcing this cooperation whilst speaking at a recent conference in Athens. “We are in very advanced talks to expand this cooperation very soon in relation with the inclusion of a railway network as well,” he said. Greece is planning to sell a 51 percent stake in Piraeus port and has invited Cosco and two other investors to submit binding bids by September.