Greeks in "advanced talks" with Cosco for Piraeus sale

The Greeks say they are in advanced discussions with China’s Cosco to sell 51% of one their great maritime assets, the port of Piraeus. The Chinese remained one of three bidders in the hunt for the port after Athens reduced the private stake on offer from 67% to 51%

Initially the Syriza government on gaining power suspended the deal altogether, only recently increasing the public share and insisting that could only fall over time if a bidder invested 300 million euros in the port.

Cosco has run two container piers in Piraeus since 2008.