{"id":17700,"date":"2015-12-25T12:24:51","date_gmt":"2015-12-25T09:24:51","guid":{"rendered":"http:\/\/en.ldaily.ua\/?p=17700"},"modified":"2015-12-25T12:24:51","modified_gmt":"2015-12-25T09:24:51","slug":"cosco-pasific-is-the-only-contender-to-purchase-the-piraeus-port-in-greece","status":"publish","type":"news","link":"https:\/\/ldaily.ua\/en\/news\/novosti\/cosco-pasific-is-the-only-contender-to-purchase-the-piraeus-port-in-greece\/","title":{"rendered":"Cosco Pasific is the only contender  to purchase the Piraeus Port in Greece"},"content":{"rendered":"<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-17677 size-medium\" src=\"https:\/\/ldaily.ua\/wp-content\/uploads\/2015\/12\/COSCO-320x190.png\" alt=\"Cosco Pasific is the only contender  to purchase the Piraeus Port in Greece\" width=\"320\" height=\"190\" title=\"\"><em>Cosco is the world&#8217;s leading container carrier that is the only candidate \u00a0to bit for the purchase of 51% stake in the state port of Piraeus in Greece.<\/em><\/p>\n<p style=\"text-align: justify;\">The \u00a0sale will help to generate hundreds million of euros for Greece, which is experiencing significant financial difficulties , \u00a0therefore is engaged in the sale of \u00a0State assets. The Government has adopted the relevant legislation in order to help keep Greece from defaulting.<\/p>\n<p style=\"text-align: justify;\">At the moment, the Chinese company Cosco is the only potential buyer \u00a0on bids, according to informed sources.<\/p>\n<p style=\"text-align: justify;\">\u00a0Representatives of the Greek side of the agreement stated that the Chinese company has long cooperation with the shipping industry in Greece, including the multi-billion dollar loans have been allocated to Greek owners to build ships; the partnership with Cosco always been profitable and that is why they should \u00a0buy the state port of Piraeus.<\/p>\n<p style=\"text-align: justify;\">Piraeus is one of the largest ports on the Mediterranean and Cosco \u00a0is already using it as a transshipment Center \u00a0for Asian exports to Europe.<\/p>\n<p style=\"text-align: justify;\">The deal includes an offer to buy 67.7% stake in the port of Piraeus. 51% of the shares will be transferred to the winning bidder immediately and the remaining 16.7% over the next five years, if it invested by \u20ac 300 million on the modernization of the port industry in Greece.<\/p>\n<p style=\"text-align: justify;\">Results of trades will be announced at January 12, 2016. It is known that workers of Piraeus bitterly opposed changing \u00a0the form of ownership of the Port; \u00a0December 21, they did \u00a0not come to work and held a mass strike with calls to cancel the sale.<\/p>\n<p style=\"text-align: justify;\">Cosco is already a Manager of two of the three container berths of the port according to the concession agreement for 35 years for $ 5 billion since 2009. During this time, Piraeus, which was going through a deep crisis, has become one of Europe&#8217;s leading transshipment hubs.<\/p>\n<p style=\"text-align: justify;\"><em>The \u00a0sale of controlling stake in the port of Piraeus will help Greece \u00a0to receive about $ 200 million. Its cost at Stock Exchange of Athens is about $ 390 million.<\/em><\/p>\n<p style=\"text-align: justify;\">Source: www.wsj.com<\/p>\n","protected":false},"featured_media":17678,"menu_order":0,"template":"","newscat":[9],"newstag":[],"issues":[],"class_list":["post-17700","news","type-news","status-publish","has-post-thumbnail","hentry","newscat-novosti"],"_links":{"self":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news\/17700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media\/17678"}],"wp:attachment":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media?parent=17700"}],"wp:term":[{"taxonomy":"newscat","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newscat?post=17700"},{"taxonomy":"newstag","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newstag?post=17700"},{"taxonomy":"issues","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/issues?post=17700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}