Port dispute: New deal without blocking minority for Cosco

After massive criticism of the sale of shares in the Port of Hamburg to the Chinese state-owned company Cosco, a last-minute compromise now seems imminent. According to the compromise, the Chinese side would take a smaller share in the terminal and thus settle for minor influence. At the same time, Germany wants to push for a "European port initiative" to prevent China from playing European port locations off against each other.