- The Wall Street Journal•18 days ago
Chinese Shipping company China Cosco will invest more than $552 million in the Greek port of Piraeus within the next five years, the company’s president said.
- Reuters•26 days ago
COSCO Greece objected on Wednesday to terms submitted to parliament for the sale of Piraeus Port to China COSCO Shipping, saying they were inconsistent with those previously agreed with the Greek privatisation agency. Greece sealed the sale of Piraeus Port Authority to China COSCO Shipping Corporation in April, a major step for the bailed-out country in meeting the demands of international creditors that it step up privatisations. Under the 368.5 million euro (£298 million) deal, COSCO will buy 51 percent of Piraeus for 280.5 million euros and the remaining 16 percent for 88 million after five years and once it completes investments of 350 million euros over the next decade.
China COSCO Holdings Company LimitedHKSE
|52wk Range||2.56 - 4.05|
|Day's Range||2.71 - 2.78|
|Avg Vol (3m)||6,487,885|
As of 4:09 AM EDT. Market closed.