COSCO Shipping Ports (CSP) is delaying the completion of the acquisition of a 35 per cent stake in Hamburger Hafen und Lagerhausgesellschaft’s…

COSCO Shipping Ports (CSP) is delaying the completion of the acquisition of a 35 per cent stake in Hamburger Hafen und Lagerhausgesellschaft’s (HHLA) Tollerort facility at the Port of Hamburg. Despite both HHLA and the Mayor of Hamburg already approving the deal, the Federal Ministry of Economics and Technology voiced concerns about COSCO’s entrance. Berlin must approve the deal, and now an investment review procedure is underway.