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Berlin aims to block Chinese buyout of Zephel
The German government is seeking to block the Chinese state-owned Cosco Shipping company's acquisition of a majority stake in the German shipping firm Zepel, citing security and defense concerns. They question whether strategic dependence is being exploited amid current political and geopolitical crises. The Chinese company had planned to acquire 80% of Zepel’s shares, which employs 350 people and specializes in freight transportation within Germany. It initially received preliminary approval from the competition authority; however, officials emphasize that this approval does not cover security aspects, which require review by the Cabinet. The decision to impose the ban relies on strict foreign investment laws, and a final ruling is expected soon, pending government approval.
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