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OLP

Tsipras Points to COSCO Deal As a New Phase for Greece

Greek Prime Minister Alexis Tsipras signed a deal with Chinese shipping giant COSCO on Monday in an effort to "help the country stand on its feet." Addressing a business forum in Beijing, Tsipras said that "we are sending a...

Greek Parliament Ratifies Piraeus Port Majority Stake Sale to Chinese COSCO

Greek parliament on Thursday ratified the sale of the majority stake of Piraeus Port to China's COSCO, a day prior to the departure of Prime Minister Alexis Tsipras for Beijing for an official visit. The vote in parliament came one...

Competition Commission Rubber-Stamps COSCO-OLP Sale Deal

The Competition Commission approved the sale of a majority stake in Piraeus Port (OLP) to China’s COSCO during its meeting on Wednesday, saying it is in line with Greek competition laws. “Having taken into account the conditions and prospects of...

Dockworkers Decide to Proceed with Ongoing 48-hour Strikes

The Dockworkers' Union has decided to continue their ongoing 48-hour strikes that they have decided since last Thursday and are calling all dockworkers to participate in the demonstration on May 31st at 10 a.m. in Kafthmonos Square. As the dock workers...

Tension and Clashes At Demonstration Against OLP's Privatization [video]

"The signing of the agreement between TAIPED (Hellenic Republic Asset Development Fund) and Cosco for Piraeus port authority (OLP) will cut the Silk Road shorter" stated PM Alexis Tsipras on Friday regarding the latest investment between Greece and China. The...

67% of Piraeus Port Authority Goes to Cosco

Cosco will now own 67% of the Piraeus Port Authority (OLP), as the Hellenic Republic Asset Development Fund (TAIPED) unanimously declared the company as a Preferred Investor for acquiring the aforementioned percentage of stocks. After examining the typical forms as...

China's Cosco Group Acquires 67% of Pireaus Port

China’s Cosco Group will obtain 67 percent of Pireaus Port (OLP) after the company submitted an improved offer of 368.5 million euros, (€22/per share) Greece’s privatization fund (HRADF) said in a press release. The group was the only company that...

Greek FinMin: We Won't Recall Privatizations due to be Completed

Greek Finance Minister Yanis Varoufakis appeared reassuring that the SYRIZA-led government does not intent to recall privatizations that are close to be complete, while he characterized the Chinese colossal shipping and logistics company Cosco investment in the Port of Piraeus as...

COSCO to Invest Additional 230 mln Euros at Greek Port

Chinese-owned COSCO subsidiary Piraeus Container Terminal (PCT) and Piraeus Port Organisation (OLP) have reached an agreement in principle for an additional investment of 230 million euros (308.9 million U.S. dollars) at Piraeus, Greece's largest port, Greek Shipping Minister Miltiades...

Piraeus Port to Be Upgraded

Safety issues and matters of better services to cruise passengers were discussed in a meeting at the Piraeus Port Authority (OLP) in view of the summer season, which for most companies begins on March 15. OLP announced that there will be...