The German government has approved the acquisition of a minority stake of less than 25% in the operating company HHLA Container Terminal Tollerort GmbH (CTT) by the Chinese company COSCO Shipping Port Limited (CSPL).
“Following the necessary investment review as required for the acquisition of shares by companies from non-European Union countries, we now have a result that strengthens HHLA’s future viability and secures jobs in the Port of Hamburg. We want to continue to successfully develop the...