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GreeceBusinessHRADF completes transfer of 16% stake in Piraeus Port to COSCO Shipping

HRADF completes transfer of 16% stake in Piraeus Port to COSCO Shipping

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Hellenic News of Americahttps://www.hellenicnews.com
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Ηellenic Republic Asset Development Fund HRADF on Thursday announced the completion of a transafer of a 16% equity stake in Piraeus Port Authority to COSCO Shipping, following an amendment of a concession contract between the Greek state and Piraeus Port Authority and its ratification in Parliament.

COSCO paid 88 million euros for the purchase of the 16% stake in Piraeus Port Authority, plus 11.87 million in interest and a letter of guarantee worth 29 million euros.

SOURCE: AMNA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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