Submitted by solidarity on Fri, 09/02/2016 - 10:36
China completes majority purchase of Greece Piraeus port
http://www.wsws.org/en/articles/2016/09/02/gree-s02.html
By John Vassilopoulos
2 September 2016
The China Ocean Shipping (Group) Company (Cosco) took over 51 percent of the Greek state-owned Piraeus Port Authority (PPA) on August 10, making it the controlling shareholder. Under the deal, Cosco has management and operation rights to run the PPA until 2052.
