Majority stake in Piraeus Port transferred to COSCO, further investment lined up

EconomyCorporates Tags: Corporates, Privatisations

The first and most crucial stage of the Piraeus Port (OLP) privatisation was completed on Wednesday with the transfer of a 51 percent share stake from the Hellenic Republic Asset Development Fund (HRADF) to COSCO.

Following the resignation of eight BoD members, OLP said on Wednesday that seven COSCO representatives were elected as BoD members. Wan Min is OLP chairman and Fu Chengqiu CEO.

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