News / Cosco finally acquires stake in Hamburg terminal– but smaller than intended

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Wrapping up a year of political back and forth, Cosco Shipping Ports has finally purchased a minority stake of just 24.99% in HHLA’s new Container Terminal Tollerort (CTT) in Hamburg.

Cosco had initially sought a 35% share in CTT and, although HHLA was happy, the German authorities stepped in to prevent the deal, on the grounds that giving Cosco – and by extension, the Chinese government – a controlling stake in a Hamburg terminal would be a strategic liability.