German government moves to block Chinese state firm’s takeover of Hamburg logistics company
Berlin is preparing to prevent the sale of logistics firm Zippel to state-owned Chinese group Cosco, citing security concerns.
According to confidential documents, the German government intends to block the purchase of Hamburg logistics company Zippel by the Chinese state conglomerate Cosco, citing major security risks. Authorities warn that the transaction could lead to strategic dependencies that might be used as leverage in future political tensions. Cosco previously bought a minority stake in the Tollerort container terminal, sparking criticism over China’s growing influence in key economic sectors.
While the Federal Cartel Office in Bonn approved the merger on competition grounds, it noted that foreign-policy or security considerations are outside its jurisdiction. The economics ministry is now tasked with assessing those aspects and may move to prohibit the takeover.
Why it matters
The move could shape Germany’s approach to foreign investment in critical infrastructure.
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