Cosco subsidiary buys 60% of the share capital of Greece-based Pearl

Containers from China Ocean Shipping Company (COSCO) are pictured at a port in Shanghai, China, in this February 17, 2016 file photo. REUTERS/Aly Song/Files     GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH "BUSINESS WEEK AHEAD MARCH 28" FOR ALL IMAGES

Cosco subsidiary Οcean Rail Logistics has purchased 60 percent of the share capital of the Pearl company, with the deal sealed at the Piraeus Container Terminal over the weekend.

Greece’s Development and Investments Minister Adonis Georgiadis represented the Greek government, while Cosco Shipping Group president Capt. Capt. Xu Lirong represented the Chinese multinational.

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