HHLA, COSCO close to finalising deal on CTT investment
A spokesperson of Hamburger Hafen und Logistik AG (HHLA) has confirmed that the German port operator and COSCO SHIPPING Ports Ltd (CSPL) are close to finalising the agreement for an investment in Container Terminal Tollerort (CTT).
"We can confirm that in objective, constructive talks between HHLA, CSPL and the Federal Ministry for Economic Affairs and Climate Action, it has been possible to agree on concrete conditions for CSPL's participation in HHLA Container Terminal Tollerort GmbH," said HHLA spokesperson.
| Read More: German government approves COSCO’s investment in Hamburg container terminal |
HHLA and CSPL are currently in talks to clarify the final details and are aiming to finalise the transaction soon, while the parties have agreed not to disclose the contents of the agreement.
Since October 2022, HHLA and CSPL have agreed under certain conditions to discuss a shareholding of less than 25% in HHLA CTT with the German government.
Source: Container News
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