COSCO Shipping has increased its stake in the Piraeus Port Authority (PPA) by 16%, after an exchange event for the Letter of Closing II Arrangements was agreed on 25 October.
Earlier in October, the Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, completed the transfer through Athens Stock Exchange of the 16% stake of PPA S.A. to COSCO Shipping (Hong Kong) Co., Limited.
COSCO Shipping now owns a 67% stake in PPA. The Chinese company initially invested in Piraeus in...
https://container-news.com/cosco-raises-its-piraeus-stake-to-67/