Greek govt halts Piraeus port sale
COSCO insists deal will bring more jobs, economic prosperity to European nation
Greece's new government has halted the privatization of the country's biggest port Piraeus, a state selloff in which China Ocean Shipping (Group) Co had already expressed a strong interest.
COSCO, the world's second-largest shipping company, and four other suitors were seen as potential buyers of a 67 percent stake in Piraeus Port Authority OLP last year under the scheme agreed by the previous government.
Photo