ATHENS, Nov 20 (Reuters) – China’s controlling stake in the Greek port of Piraeus, one of the largest in Europe, is not for sale, the Chinese embassy in Greece said, denouncing comments by newly appointed U.S. ambassador to Greece Kimberly Ann Guilfoyle.
China’s state-run COSCO, one of the country’s largest port and shipping conglomerates, holds a 67% stake in Piraeus port, a hub on the trade route connecting Europe, Africa and Asia. It finalised the purchase in 2016, at the height of Greece’s debt crisis.
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The U.S. administration of Donald Trump is seeking to weaken China’s grip on global ports and has touted Greece as a European energy hub.
Greece’s Piraeus port not for sale, China tells US
