Hamburg port terminal takeover divides Berlin and Brussels

Euractiv | Oct 21, 2022 at 3:14 PM
  • Despite Europe’s aim to wean itself off Chinese investment, German Chancellor and ex-mayor of Hamburg Olaf Scholz is planning to proceed with a potential port deal.
  • The potential takeover of a subsidiary of Hamburg Port operating company HHLA by Chinese shipping firm Cosco has divided authorities in Berlin, Brussels, and the City of Hamburg.
  • A spokesperson for Germany’s Economy and Climate Minister, Robert Habeck (Greens), confirmed to EURACTIV that Habeck had supported the rejection of the takeover as part of a screening procedure for foreign investments.