Germany blocks sale of logistics company to China's Cosco
38 Articles
38 Articles
The Cartel Office had already given the green light, and now the Federal Government has stepped on the brakes: the Chinese cosco shipping company must not take over the majority of the logistics company Zippel. For security reasons, as it was called.
Planned acquisition by Cosco would have ‘deepened dependencies’ and put German and EU supply chains at risk, Economy Ministry says
Berliner Morgenpost
Already at the Hamburg terminal Tollerort Coco caused a dispute. Now the federal government stops another entry of the Chinese state ship.
The Federal Cartel Office had already given the green light, but then notified the constitutional protection of concerns. Now it is clear: China is not allowed to buy the Hamburg logistics company Zippel.
From the Federal Government's point of view, the sale would have increased existing dependencies and thus jeopardised the resilience of the supply chains.
The Federal Government is capping the acquisition of the logistics group Zippel by a Chinese state corporation in Hamburg. The reason: sensitive security interests.
Coverage Details
Bias Distribution
- 41% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
