News / Cosco bid for stake in Hamburg box terminal still hangs in the balance

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Uncertainty remains over the purchase of part of Hamburg’s Container Terminal Tollerort (CTT) by Cosco.

Port operator HHLA told The Loadstar German and EU authorities would decide whether Cosco should be allowed to purchase a 35% stake in CTT, which, though small compared with Hamburg’s other box terminals, is well-connected with the hinterland by rail.

Last month, Germany’s climate and economy minister, Robert Habeck, said he was “disinclined to allow the acquisition to take place”.

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