May 12, 2023 06:37 AM

BUSINESS

Cosco Cleared for Stake in Hamburg Terminal

By Wang Lingbo, Li Rongqian and Denise Jia

00:00

00:00/00:00

Listen to this article 1x

What’s new: The German government cleared the way for state-owned China Cosco Shipping Corp. Ltd.’s acquisition of a minority stake in a Hamburg container terminal, Hamburg port logistics company Hamburger Hafen und Logistik (HHLA) said Wednesday.

Cosco’s unit Cosco Shipping Ports Ltd. will buy a 24.99% stake in the Tollerort terminal, one of three large container terminals at Hamburg port operated by HHLA. The price of the deal was not disclosed.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Asia New Vision Forum Kicks Off in Singapore

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe

00:00

00:00/00:00

MOST POPULAR

1: Hong Kong Moves to Ease Capital Rules for Banks Holding Licensed Crypto

2: China, U.S. to Meet in Spain Over TikTok, Trade Disputes

3: AI Offers Hope for Growth, but Global ‘Disorder’ Poses Major Risks, Lawrence Summers Says

4: Cover Story: Why Modi Won’t Play Cowboys and Indians With Trump, Opting Instead for Strategic Autonomy

5: Stability, Openness and Inclusiveness Are Key to an ‘Asian Century,’ Singapore Deputy PM Says

SPONSORED

OR