Germany approves COSCO’s 24.9% stake in HHLA’s Container Terminal Tollerort

The German government has approved COSCO Shipping Ports Limited (CSPL)’s 24.9% stake in Hamburger Hafen und Logistik AG (HHLA)’s Container Terminal Tollerort (CTT) at the Port of Hamburg.

CSPL’s involvement in the terminal has proved controversial owing to political concerns over granting a Chinese state-owned company an investment in national infrastructure.

In a statement welcoming the government’s decision, HHLA said: “All issues within the scope of the investment screening process were clarified jointly in intensive, constructive talks.”