
Due to security concerns, the federal government has banned the sale of shares in the logistics company Zippel to the Chinese state shipping company Cosco.
AI-generated summary
The federal government is increasingly examining Chinese investments in critical infrastructure for security risks.
The federal government has banned the sale of 80 percent of the shares in the Hamburg logistics company Zippel to the Chinese state shipping company Cosco due to security concerns.
This was announced by a spokesman for the Federal Ministry of Economics after a cabinet meeting. The ministry will then issue the prohibition notice.
According to the spokesman, the reason for the ban was “security concerns”.
“The acquisition would have deepened dependencies and endangered the resilience of supply chains in Germany and the EU,” it says.
As Europe's largest economy, Germany welcomes foreign investments.
"At the same time, there can be investments that endanger the country's security."

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The federal government has banned the sale of 80 percent of the shares in the Hamburg logistics company Zippel to the Chinese state shipping company Cosco. The reason for the ban is security concerns and the threat of dependencies in supply chains.
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