COSCO Shipping Ports, to take a stake in the container terminal of Hamburg, Germany’s largest port, reports Xinde Marine News.
About the acquisitionOn June 4, COSCO Shipping Ports announced in a statement that it is in talks with Hamburger Hafen und Logistik AG (HHLA) regarding a potential transaction to acquire a minority stake in HHLA Container Terminal Tollerort GmbH (CTT), a wholly-owned subsidiary of HHLA.
CTT’s main business is the operation of Tollerort container terminal in Hamburg,...
https://mfame.guru/europes-third-largest-port-to-have-a-new-chinese-shareholder/