Independent journal on economy and transport policy
03:43 GMT+1
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Controversy over COSCO's entry into the German port market delayed the acquisition of 35% of CTT
The expiry of the agreement with HHLA has been extended to 31 December 2022
September 21, 2022
COSCO Shipping Ports has announced that to date there are no met some conditions of closing the agreement, but has specified that both COSCO Shipping Ports, and its company fully owned grand dragon, which is expected to take over 35% of CTT, both the German Hamburger Hafen und Logistik AG (HHLA), and has agreed on the sale of this share, are willing to ensure that the agreement is successful with the completion of the transaction. To this end, the deadline for bringing the agreement to success has been extended to 31 December next.
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COSCO Shipping Ports has announced that to date there are no met some conditions of closing the agreement, but has specified that both COSCO Shipping Ports, and its company fully owned grand dragon, which is expected to take over 35% of CTT, both the German Hamburger Hafen und Logistik AG (HHLA), and has agreed on the sale of this share, are willing to ensure that the agreement is successful with the completion of the transaction. To this end, the deadline for bringing the agreement to success has been extended to 31 December next.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
