Piraeus Port Authority S.A.

Piraeus Port Authority SA (PPA) is a Greece-based company which manages and operates Piraeus port. The main activities of PPA are ships’ anchoring services, handling cargo, loading and unloading services as well as goods storage and car transportation. Under a 2016 Greek privatisation deal, COSCO Shipping Ports Ltd bought a 51% stake in PPA for €280 million ($328 million). It then committed to mandatory investments worth about €294 million over five years to purchase an additional 16% stake for €88 million.