Germany blocks COSCO takeover of logistics firm Zippel over security concerns

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Germany has blocked COSCO’s planned acquisition of an 80% stake in logistics company Konrad Zippel, citing national security and critical supply-chain concerns. The decision prevents the Chinese state-owned shipping group from expanding its involvement in Hamburg.

Germany has blocked Chinese shipping group COSCO’s planned acquisition of an 80% stake in German logistics company Konrad Zippel, citing national security concerns and the need to protect critical supply chains. COSCO ups involvement in Hamburg with planned takeover of Konrad Zippel The decision, announced on 7 October, prevents the Chinese state-owned group from expanding […] The post Germany blocks COSCO takeover of logistics firm Zippel over security concerns appeared first on Container News.