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Münster, Germany: The US “strongly implied” there was no Chinese control of Hamburg port terminals, senior US State Department official said, final deal finalized without Beijing’s control added that it was done. .
Shipping giant Cosco last year bid to acquire a 35% stake in one of three terminals of logistics company HHLA at Germany’s largest port, but the German Union was divided on whether to go ahead with the deal. ing.
Germany may allow China’s COSCO to acquire a smaller stake in the Hamburg port terminal than originally planned. This is what Economy Ministry sources described last week as an “urgent solution” to approve the deal but mitigate its impact.
https://www.channelnewsasia.com/business/us-strongly-suggested-there-be-no-controlling-interest-china-hamburg-port-terminal-3039586 US ‘strongly implied’ no Chinese control over Hamburg port terminals