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Athens Stock Exchange suspends trade in Piraeus Port shares

Time：2016-01-14 Browse：216 Author：RISINGSUN

THE Athens stock exchange suspended trading in shares of Piraeus Port Authority before the privatisation agency unseals bids by investors for a majority stake in the country`s biggest port later in the day.

Greece, which is selling a 51 per cent stake in Piraeus Port, expects that China`s Cosco Group will be the sole bidder, according to Greek officials close to the procedure, reports Reuters.

Following a request by the securities regulator, a temporary trading suspension on shares of Piraeus Port Authority is in place until the company informs the investment public on the board meeting of (privatisation agency) HDRAF regarding the opening of financial offers," the Athens bourse said.