October 14, 2021

On October 6, 2021 the Hellenic Republic Asset Development Fund (HRAD) transferred an additional 16% of the shares of Piraeus Port Authority (PPA) SA to COSCO SHIPPING (Hong Kong) Co., Limited. The completion of the transaction came after the ratification of the relevant amendment by the Hellenic Parliament. COSCO SHIPPING paid to the HRAD EUR 88 million plus accrued interest of EUR 11,87 million and a letter of guarantee of EUR 29 million.