Chinese company buys Germany's Hahn airport

Shanghai Yiqian Trading Company is to buy Hahn airport in Germany to secure a base for food exports as well as passengers heading to and from Asia, a deal highlighting China’s increasing appetite for overseas infrastructure assets. According to Reuters, the planned purchase of an 82.5% stake in Hahn from federal state owners for a low double-digit million euro amount shows China’s aim of recreating Silk Road trade links between Europe and Asia that have already led to some big-ticket transactions. In April, China Everbright Group, a state-backed financial firm, bought into Albania’s international airport while China Cosco Shipping Corporation purchased a 67% stake in Greece’s Piraeus Port.