Greece names COSCO preferred investor for Piraeus Port

Cosco-Piraeus

Cosco has been named the preferred investor for the acquisition of a 67-percent stake in the port of Piraeus, the Greek privatisation agency (HRADF) said on Wednesday.

Last month Greece named Cosco as the highest bidder for the stake and asked the company to submit the necessary documents to name it a winner.

“During its session today, the board of directors of HRADF unanimously declared Cosco Hong Kong Group Limited as the preferred investor,” HRADF said in a statement.

The tender dossier will now be submitted to a Greek court of auditors. An approval by the auditors and other authorities is necessary for the deal to be signed.

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