The German government has approved the controversial sale to shipping giant Cosco Germany has agreed to allow Chinese shipping group Cosco to buy a stake in a terminal at the country’s largest port in Hamburg, various media reported on Wednesday citing the German Cabinet. The Chinese company will be allowed to acquire a 24.9% stake in one of logistics firm HHLA's three terminals. Cosco initially made a bid for a 35% stake last year. However, opinions were split within the German government on whether such a stake would give the Chinese company, which was already the port’s biggest customer, too much power. The Ger
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