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News Wire / politics

German Intelligence Opposes Chinese Takeover Of ZIPL

NDR Info Berlin 14d14d Impact 5

The German Federal Office for the Protection of the Constitution has expressed opposition to an investment by Costco. Stumbaum noted that Chinese companies are subject to Civil-Military Fusion laws that require cooperation with the Chinese government during crises. The German intelligence agency has expressed opposition to Costco's acquisition of Zippel. Intelligence officials cited concerns regarding cumulative acquisition efforts by Chinese state-owned enterprises within Germany and the European Union. The agency noted that such acquisitions involve the purchase of companies and corporate shares, including those located abroad. Political scientist Stummbaum was also mentioned in relation to these concerns. The Chinese state-owned enterprise KOSCO intends to acquire an 80% stake in Zipfel.

The German Federal Office for the Protection of the Constitution has expressed opposition to an investment by Costco. Stumbaum noted that Chinese companies are subject to Civil-Military Fusion laws that require cooperation with the Chinese government during crises. The German intelligence agency has expressed opposition to Costco's acquisition of Zippel. Intelligence officials cited concerns regarding cumulative acquisition efforts by Chinese state-owned enterprises within Germany and the European Union. The agency noted that such acquisitions involve the purchase of companies and corporate shares, including those located abroad. Political scientist Stummbaum was also mentioned in relation to these concerns. The Chinese state-owned enterprise KOSCO intends to acquire an 80% stake in Zipfel. Officials noted that under China's Civil-Military Fusion Law, Chinese entrepreneurs must cooperate with the government in intelligence and other sectors during crises. German intelligence services have expressed opposition to a KOSCO bid for the Tollerort port terminal. The logistics company Zippel and the Chinese Embassy in Berlin have not responded to inquiries regarding the current plans. KOSCO stated it cannot comment on the matter at this time. The agency warned against increasing Beijing's influence over German infrastructure.

Topics

Germany Costco National Security China

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Sources · 7 independent

NDR Info

“Das Bundesamt für Verfassungsschutz hat sich gegen den Einstieg von Costco ausgesprochen. Die Behörde warnt vor dem zunehmenden Einfluss Pekings auf deutsche Infrastruktur.”

NDR Info

“Ihre Ablehnung der Zippelübernahme durch KOSCO sollen die Verfassungsschützer mit der Sorge vor kumulativen Erwerbsvorhaben des chinesischen Staatskonzerns in Deutschland und in der Europäischen Union begründet haben.”

SWR Aktuell

“Die chinesische Staatsrederei KOSCO will nun 80% von Zipfel übernehmen. Nach Recherchen von NDR und WDR hat sich allerdings das Bundesamt für Verfassungsschutz gegen den Einstieg von KOSCO ausgesprochen.”

SWR Aktuell

“Ihre Ablehnung der Zippelübernahme durch Costco sollen die Verfassungsschützer mit der Sorge vor kumulativen Erwerbsvorhaben des chinesischen Staatskonzerns in Deutschland und in der Europäischen Union begründet haben.”

SWR Aktuell

“Denn am Ende entscheidet das Bundeskabinett, wie auch damals beim Einstehen. von Costco beim Hafenterminal Tollerort. Anfragen zu den jetzigen Plänen beantwortet weder der Logistiker Zippel noch die chinesische Botschaft in Berlin.”

hr-iNFO

“Staatsrederei KOSCO will nun 80 Prozent von CIPL übernehmen. Nach Recherchen von NDR und WDR hat sich allerdings das Bundesamt für Verfassungsschutz gegen den Einstieg von KOSCO ausgesprochen.”

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