ATHENS : Piraeus Port, Greece's biggest port which is majority owned by Chinese shipping group COSCO, said on Tuesday it had temporarily halted the upgrade of a cruise terminal, a key component of a major foreign investment, after a Greek court ruling.
PPA did not elaborate, but said the ruling caused the"temporary pausing" of construction work on the cruise terminal. COSCO bought a 51per cent stake in Piraeus Port under a 2016 privatisation deal and last year acquired an additional 16per cent stake, although it had not fulfilled a key condition of concluding mandatory investments worth about 294 million euros.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più: