Chinese giant COSCO, which on Wednesday completed officially the acquisition of a majority stake in Piraeus Port, said it aims at developing OLP into one of the largest container transit ports in Europe.

"We will continue the investments in Piraeus port" said Cosco's general director Wan Min on Wednesday at the opening of Athens Stock Exchange (ASE) session on the occasion of the transfer of 51 percent of Piraeus Port Authority (OLP) shares to the Chinese giant.

Cosco is planning additional investments of more than 500 million euros to the port of Piraeus, its president Hu Lirong told Prime Minister Alexis Tsipras during their meeting in Shanghai.