Yesterday the German federal government decided yesterday to block
the acquisition of the Konrad Zippel transport and logistics group
Hamburg-based Spediteur GmbH by the Chinese shipping group
COSCO Shipping Holdings Co., an operation that last February was
has been authorized by the Federal Authority for the Protection of
competition. Communicating the favourable opinion, the German antitrust authority
had specified that it was competent exclusively for the
assessment of the competitive effects of
and that any aspects related to the policy of
security are instead subject to an audit pursuant to the
Foreign Trade Regulations by the Federal Ministry
of Economy and Energy. The latter, yesterday, announced the
Government decision to prohibit the operation, consisting of the
sale to the Chinese group of 80% of the capital of Zippel, with
the CEO of Zippel, Axel Plaß, who would have
the remaining 20%. The ministry explained that the sale of the
of quotas would have accentuated dependence on China and
undermined the resilience of Germany's supply chains, and
of the European Union.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
