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.

https://www.caixinglobal.com/2023-05-12/cosco-cleared-for-stake-in-hamburg-terminal-102051418.html

#caixinglobal