Cosco will pay USD 1.1 billion for Greece's Port of Piraeus
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USD 762 million plus another USD 380 million in investments over the next five years. This is how much China's Cosco Shipping Group is willing to pay the Greek state for a 67 percent majority stake in the country's biggest port in Piraeus, reports China Daily. An investment that, for players such as the Maersk Group's APM Terminals unit, is not commercially interesting, and the question now is whether Cosco's offer is even high enough.
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