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Artikel Nummer: 9754

"For sale" sign nailed up in Piraeus after all

Chinese media say that Greece's left-wing government is reported to be negotiating with potential buyers for a stake in the country's largest port of Piraeus.


After the Syriza government took power in January it promised to end the austerity programmes and said it wanted to halt a string of privatisations. The sale of a 67% stake in the Piraeus port authority was one of the projects that went on hold.


However, it now seems that the Greek government aims to sell its majority stake in the port of Piraeus within weeks. China’s Cosco Group, which already manages two terminals in Piraeus, was initially was among five preferred bidders shortlisted under a privatisation scheme agreed by the previous conservative-led government.