Germany's HHLA expects quick feedback from Econ Ministry on Cosco acquisition

Hamburger Hafen und Logistik AG

23/03/2023 09:34

BERLIN, March 23 (Reuters) - German logistics firm HHLA
 HHFGn.DE  expects quick feedback from the Economy Ministry over
the pending approval for Chinese shipping giant Cosco
 601919.SS  taking a stake in a terminal at Hamburg's port, its
chief executive said on Thursday.
    The German cabinet in October gave the green light for Cosco
to buy the terminal in Germany's largest port but final approval
from the Economy Ministry is still pending.
    "We believe we have answered all the questions," HHLA head
Angela Titzrath said, adding that HHLA had implemented the
ministry's requirements for the contract with Cosco and that the
government must be aware of its responsibility for the port.

 (Reporting by Jan Schwartz
Writing by Riham Alkousaa
Editing by Paul Carrel)
 ((Riham.Alkousaa@thomsonreuters.com; Twitter: @RihamKousa;))