Cosco’s latest deal to acquire a majority stake at the port of Piraeus could also spread into other sectors as the Chinese company plans to increase its investment portfolio.
Following the signing of the deal that will see Cosco in control of a 67% slice of Greece’s largest port, a further EUR 500m ($553.2m) could be spent towards new facilities.
Xu Lirong, chairman of Cosco, said this amount comes on top of a previous pledge to invest EUR 300m in Piraeus.
As
