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Germany’s HHLA to propose China’s Cosco take 24.9% stake in one of its terminals – source

Tuesday, 25 October 2022 | 20:00

German logistics firm HHLA HHFGn.DE will propose that Chinese shipping firm Cosco take a 24.9% stake in one of its three container terminals at the Hamburg port, a source familiar with the matter told Reuters on Tuesday.

That would be a smaller stake than the initially planned 35%, in a compromise that could allow the deal to go ahead against recent political opposition.
Source: Reuters (Reporting by Jan Schwartz, writing by Kirsti Knolle, editing by Miranda Murray)

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