Deals
China’s Harbor Purchase Is Luring Other Investors, Greece Says
- State assets fund chief Pitsiorlas comments in interview
- Large interest in buying majority stake in Thessaloniki Port
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China’s purchase of a 67 percent stake in Piraeus Port Authority SA, Greece’s largest harbor, is luring other foreign investors to the country’s transport sector, said Stergios Pitsiorlas, chairman of the Hellenic Republic Asset Development Fund.
"Greece is the number one choice in transport for China, which wants an opening to the west and sees Greece as the bridge," Pitsiorlas said in an interview in Athens Tuesday. "Transport is a competitive sector and the Chinese presence in Piraeus Port creates the need for others to have a presence in Greece.”