Cosco to acquire minority stake in terminal in Hamburg
Date
June 11, 2021
Type
M&A Transactions
Subtype
Transaction launched
Countries
Germany
Subsectors
Port
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Cosco Shipping Ports Limited (CSPL) is negotiating with Hamburger Hafen & Logistik to purchase a minority stake in HHLA Container Terminal Tollerort GmbH (CTT).
CTT is a wholly-owned subsidiary of Hamburger Hafen & Logistik, which operates a container terminal in Hamburg Port. The discussions for commercial and legal cornerstones are underway for the strategic partnership of both companies.
