Germany hashes out compromise to allow smaller stake China port deal ...Middle East

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Germany hashes out compromise to allow smaller stake China port deal
source : Devdiscourse ( Middle East ) () 42
Germany may allow China's Cosco to take a smaller stake than originally planned in a Hamburg port terminal, in what an economy ministry source on Tuesday described as an "emergency solution" to approve the deal but mitigate the impact. Shipping giant Cosco made a bid last year to take a 35% stake in one of logistics firm HHLA's three terminals in Germany's largest port, but the German coalition has been divided over whether to let the deal go ahead.

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