Chinese shipping and port giant China Cosco Holdings Co. on Tuesday made a binding offer for a majority stake in the long-delayed privatization of Greece’s main port of Piraeus, a move that is expected to earn cash-strapped Athens hundreds of millions of euros and turn the Mediterranean port into a logistics hub for Chinese exports to Europe.
http://www.wsj.com/articles/china-cosco-makes-sole-bid-for-greek-port-of-piraeus-1452619800
