Piraeus Port shareholders OK dividend

Officials at Piraeus Port (OLP), one of the largest in the Mediterranean, are seen at the company’s annual general meeting of shareholders at its headquarters in Piraeus yesterday. Shareholders yesterday approved a 0.07 euro per share dividend for 2008 earnings. OLP’s shares yesterday fell 3.50 percent to 14.35 euros on the Athens bourse, pushing its market value to 358.7 million euros. The stock will trade ex-dividend on August 6. China’s Cosco Pacific, the world’s fifth-largest port operator, last year signed a 3.4-billion-euro deal with OLP to run cargo facilities at Piraeus for 35 years, starting in October.