Cosco Named ‘Preferred Investor’ for 67% of Piraeus Port

The Board of Directors of Greek privatization fund TAIPED on Wednesday announced the listed Chinese shipping giant Cosco Group as the “preferred investor” for the acquisition of the 67 percent share capital of the Piraeus Port Authority SA.

The announcement followed TAIPED’s board of directors’ meeting and after having examined all the required documents submitted on time by Cosco.

The tender dossier will now be submitted directly to the Court of Audit for pre-contractual control.

“The share sale contract will be signed after the approval of the Court”, TAIPED said.

The completion of the transaction is subject to the competent authorities’ approvals.