The ghosts of Chinese control or even ownership have haunted the port since a March 2019 MoU. But those concerns have always been overblown.
At the end of September 2020, Germany’s Hamburger Hafen und Logistik AG (HHLA) concluded an agreement with the Port of Trieste, in northern Italy, to invest in the development of the port’s logistic platform. The investment includes the acquisition by HHLA of 50.1 percent of the shares of the platform, with the rest belonging to Francesco Parisi S.p.A. (about 23 percent) and ICOP (22 percent), while the remaining shares will be held by Interporto di Bologna. In Europe, and in Washington too, the move has been welcomed as it dispels the ghosts of Chinese investments and the risks these might have implied.