Germany blocks COSCO buy as Chinese logistics firms face EU scrutiny
· Trade · Germany · China
Germany blocked a COSCO acquisition as Chinese logistics firms face increased scrutiny from the European Union, according to Nikkei Asia. The move reflects growing European concerns about Chinese state-linked investment in critical infrastructure and logistics. The items did not specify the target company or value of the blocked deal. The decision adds to a broader trend of European countries tightening screening of foreign investment in strategic sectors.
Why it matters:The block signals Europe's hardening stance on Chinese investment in strategic logistics, potentially raising costs and barriers for Chinese firms in the EU.
Key points
- Germany blocked a COSCO acquisition.
- Chinese logistics firms face increased EU scrutiny.
- The target and deal value were not specified.
Sources (original reporting)
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