Greece Loses Chinese Business Champion
David Glass - Seatrade Global
Greek Prime Minister Antonis Samaras (C) was glad to have the hand of China Cosco Holdings Chairman Wei Jiafu when they signed a deal in Piraeus in June.
It is now official. The board of China Cosco Holdings (Cosco) has confirmed the retirement of Captain Wei Jiafu as its Chairman is for ?reasons of age.? The directors retired Wei, 63, with effect from July 16, some three weeks after rumors the energetic captain was leaving China?s largest shipping group after some 15 year at its helm. However, just a few weeks earlier, it was all smiles when Wei flew out of Greece at the end of June, a visit which turned out to be his international swan song. He had helped make Greek Prime minister Antonis Samaras? day on June 26, when he disclosed the Chinese giant is set to invest some 600 million euros ($790 million) in a bid to turn Piraeus into the Mediterranean?s leading container port. The deal was signed the next day.
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July 21, 2013
Source: http://www.thenationalherald.com/article/59996
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