ECONOMY

TAIPED excited about selling price of Turkish port stake

taiped-excited-about-selling-price-of-turkish-port-stake

State sell-off fund TAIPED was on Thursday happy to note the high price that Cosco has agreed to pay for the acquisition of the majority stake in Turkey’s biggest private port, the Kumport Terminal.

The 813.62 million euros that the Chinese group will pay for the 64.5 percent stake in the port on the Sea of Marmara is seen as a measure of the money that the privatization of Piraeus port (pictured) could fetch.

Greece’s biggest port is three times the size of the Kumport Terminal and has far greater scope for growth, both in terms of containers and other activities, such as the car and cruise terminals, as senior officials at TAIPED told Kathimerini.