Bairdmaritime Germany Blocks COSCO's Acquisition of Zippel Over Security Concerns
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- •Germany blocks COSCO's acquisition of Zippel over national security concerns.
- •The deal was deemed to jeopardize supply chain resilience in Germany and the EU.
- •Zippel's CEO confirmed operations will continue despite the acquisition halt.
The German government has halted COSCO's acquisition of an 80% stake in logistics firm Zippel due to national security concerns. The economy ministry stated that the deal would deepen dependencies and jeopardize the resilience of Germany's and the EU's supply chains. This decision reflects growing apprehension among European governments regarding investments by Chinese state-owned companies in critical infrastructure. Zippel, which specializes in transporting containers between seaports and inland destinations, had previously received clearance from Germany's antitrust authority in February 2026. The CEO of Zippel expressed disappointment but confirmed that day-to-day operations would continue as usual. COSCO already holds a minority stake in a Hamburg port-based container terminal, which was approved in 2023 despite internal governmental disagreements. This incident marks a significant shift in Germany's investment policy, emphasizing the need to balance economic interests with national security.
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