Chinese state banks in Greek billion dollar deals
China Development Bank and other state-owned banks in China have signed major financing deals with Greek shipping interests.
BY OLE ANDERSEN
Stock-listed Greek container carrier Costamare has landed a financing deal with China Development Bank worth up to USD 1.5 billion. The deal, which will be used to finance five newbuildings, was finalized in relation to Chinese Prime Minister Li Keqiang's visit to Greece this past week.
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