Deals
Scholz Tries to Quell Dispute Over Port Deal with China’s Cosco
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German Chancellor Olaf Scholz denied reports that he has already reached a decision over the disputed sale of a stake in a Hamburg container terminal to China’s state-owned shipping conglomerate Cosco Shipping Holdings Co.
“Nothing has been decided yet, and many questions still need to be addressed,” Scholz told reporters in Brussels on Friday about the possible deal. He made clear that the Chinese state company didn’t intend to buy the whole Hamburg port, but only a minority stake in one of Hamburg’s four container terminals.