The management of PPA SA met with SASAC delegation

Piraeus, 20.12.2012


Press Release


The management of PPA SA, led by the President and CEO, Mr. George Anomeritis, the General Manager, Mr. Stavros Hatzakos and the Strategic Planning Officer, Mr.  Athanasios Karlis, met with a large delegation of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), which is the main shareholder among others of 168 Chinese companies, including COSCO.
The main topic of discussion was the investment framework that has been developed for new investments in Greece and especially in ports.
Mr. G. Anomeritis said that the two-year insecurity and doubts about the position of Greece in the Euro zone, ceased to exist with the unanimous decision of all the European countries and therefore through a new stable investment environment, all persons that are interested in investing in our country can do so with final European guarantees.
In the area of the port industry there are investment opportunities, particularly in port infrastructure and cruise, through concessions for new investments and long-term agreements for joint action.
Both sides agreed to meet with individual businesses of SASAC, except for COSCO where a Concession Agreement in transporting containers already exists.
The Chinese delegation consisted of: Xie Lin General Manager of SASAC, the Deputy General Managers Hu Xianzhen, Zhao Hongyan, Zhang Zhenshun and Director Liu Huaxin.
In the discussions Yao Lan of Cosco and Mr. Anastasios Vamvakidis of PCT SA also attended.
SASAC is a financial giant with a capital of more than 30 trillion yuan, which covers equity as the owner of almost all Assets (168) to large enterprises in the People's Republic of China.