Germany may allow COSCO to take a smaller stake in Container Terminal Tollerort, according to Reuters
Germany may allow China’s COSCO Shipping Port Limited to take a smaller stake than originally planned in the Port of Hamburg’s Container Terminal Tollerort (CCT), according to Reuters.
COSCO made a bid last year to take a 35% stake in the terminal, one of three terminals operated by Hamburg Hafun und Logistik AG (HHLA), but the German coalition has been divided on whether to proceed with the deal.
The compromise would see Berlin approving a sale of 24.9% of the terminal to COSCO, Reuters sources have claimed.
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