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London fund buys into Piraeus Port Authority October 31, 2007

Posted by grhomeboy in Business & Economy.
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Piraeus Port Authority, Greece’s biggest port, said London-based hedge fund Lansdowne Partners LP became its largest investor after the government.

Lansdowne notified Piraeus Port on September 28 it controls 2.4 million shares, corresponding to a 9.7 percent stake, the Piraeus-based company said today in a bourse filing. Morgan Stanley last month sold a 9.5 percent stake in the company, Piraeus said in a September 28 bourse filing without identifying the buyer. Morgan Stanley bought a 19 percent stake from Lansdowne last year.

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