US ‘strongly suggested’ there be no controlling interest by China in Hamburg port

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The United States “strongly suggested” that there would be no controlling interest by China in the Hamburg port terminal, a senior US State Department official said, adding that the final deal was adjusted in the end with no controlling stake for Beijing.

Shipping giant Cosco made a bid last year to take a 35 percent stake in one of logistics firm HHLA’s three terminals in Germany’s largest port, but the German coalition has been divided over whether to let the deal go ahead.


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Germany may allow China’s Cosco to take a smaller stake than originally planned in a Hamburg port terminal, in what an economy ministry source last week described as an “emergency solution” to approve the deal but mitigate the impact.

Read more: Germany Cabinet nod for China’s Cosco to take 24.9 pct stake in port terminals

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