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Apr 2020

Bernitsas Law advises COSCO on acquisition of majority shareholding in PEARL

Bernitsas Law advised COSCO Shipping Lines (Greece) SA (COSCO), acting through Ocean Rail Logistics SA, in their acquisition of 60% of Piraeus Europe Asia Rail Logistics SA (PEARL).

Our EU, Competition & Antitrust team successfully represented Ocean Rail Logistics before the Hellenic Competition Commission in seeking clearance of the transaction which was granted in March 2020.

COSCO is a leading multinational transportation and real estate conglomerate. PEARL is a subsidiary of PEARL ltd, which provides end-to-end rail and road transport solutions and logistics services.

The Bernitsas Law team was led by Yannis Seiradakis. Marina Androulakakis led the team advising on EU, Competition & Antitrust.