China COSCO SHIPPING subsidiary climbs on German nod of port terminal deal

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China COSCO SHIPPING subsidiary climbs on German nod of port terminal deal
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Share prices of COSCO SHIPPING Ports Ltd rose to as much as a three-month high on Thursday, after the German government cleared it to buy part of a Hamburg port-based container terminal, amid a political row over Chinese investment.The Hong Kong-listed subsidiary of China's state-owned conglomerate China

Share prices of COSCO SHIPPING Ports Ltd rose to as much as a three-month high on Thursday, after the German government cleared it to buy part of a Hamburg port-based container terminal, amid a political row over Chinese investment.

Port logistics firm HHLA said on Wednesday the German government has cleared COSCO SHIPPING Ports' purchase of a 24.9 per cent stake in the Tollerort container terminal.

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