The Chinese state-owned company Cosco acquired a 51% share of the Piraeus Port Authority (OLP) for €280,500,000 on Wednesday, via the stock market.

The transaction could provide a positive boost to the tune of just under 1% of the GDP, limiting an expected recession.

COSCO bought 12,750 shares for €22 euros a piece, that is, with a considerable premium given that shares are currently trading for €13,90.

The Chinese company has an option for the acquisition of a further 16% for €88 milli...


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