AFRICA DAILY
← SUPERPOWERS  |  Home SUPERPOWERS

Greek lawmakers approve Piraeus port sale

by Staff Writers Athens (AFP) July 1, 2016 AFP

Greece's parliament on Friday approved the sale of a majority stake in the Port of Piraeus to China's COSCO, just before a visit to Beijing by Prime Minister Alexis Tsipras.

In January, Greece's privatisation agency said it had accepted a 368.5 million-euro ($402.4 million) bid by COSCO for 67 percent of the Piraeus port.

The China Ocean Shipping Company was the only bidder for the majority stake in the port, Greece's largest and one of the busiest in Europe.

Out of 248 deputies present, 223 voted in favour of the sale, which will give COSCO rights to run Piraeus until 2052.

The approval follows some last-minute wrangling over terms, with COSCO blocking late Greek demands for jobs guarantees, media said.

Tsipras left Athens on Friday for a six-day trip to China.

Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.