China’s COSCO to buy 51 per cent stake in Piraeus Port next week

A sign COSCO is seen behind tree branches atop of the company's headquarters in Beijing November 8, 2013. REUTERS/Barry Huang

China COSCO Shipping, which owns the world’s fourth largest container fleet in terms of capacity, is expected to wrap up the purchase of a majority stake in Greece’s largest port, Piraeus Port (OLP), next week, sources close to the matter said on Friday.

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