Greece yesterday sealed the sale of its biggest port to shipping giant China Cosco Shipping Corporation.

China Cosco’s chairman Xu Lirong, Prime Minister Alexis Tsipras and the head of Greece’s privatisation agency signed the €368.5 million contract in Athens.

Under the deal, China Cosco will acquire 51 per cent of Piraeus Port for €280.5 million and the remaining 16 per cent for €88 million, after five years once it concludes mandatory investments, which will amount to €350 million over the next decade.

In the meantime, mission chiefs of Greece’s European Union and International Monetary Fund lenders left Athens yesterday for consultations in Brussels adjourning the country’s key bailout review by one day to tomorrow, a government official said.