Cosco acquires a stake in the Port of Hamburg

The Chinese state shipping company Cosco is taking a stake of around 35 percent in „Hamburger Hafen und Logistik AG“ (HHLA), as the port operator recently announced. HHLA had already been negotiating with Cocso about a stake in the Tollerort Container Terminal (CTT) in Hamburg since June (China.Table reported). Cosco is paying €100 million for the stake.