Cosco in Piraeus shortlist

Top Chinese shipping firm looking to buy majority stake in largest port in Greece

China Ocean Shipping (Group) Co, the world's second-largest shipping company, has been shortlisted as a potential buyer to acquire a majority stake in Piraeus Port Authority SA, the largest port in Greece.

The State-owned company will compete with four other suitors, Reuters reported, citing sources from the Greek privatization agency Hellenic Republic Asset Development Fund.