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Cosco increases Piraeus stake

The Chinese shipping company Cosco has increased its shares in the Greek port of Piraeus. Cosco has increased its stake in the operating company Piraeus Port Authority (PPA) to 67 percent, state news agency Xinhua reported. Cosco previously held 51 percent, giving it a majority stake in the Mediterranean port since 2016. According to media reports, Greek authorities had agreed to cede a further 16 percent to Cosco this summer.

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