A Chinese investor’s attempt to acquire a German airport hits a stumbling block after the transaction failed to get the Ministry of Commerce’s approval, the China Economic Weekly reported. The deal grabbed headlines in late May, when LinkGlobal Logistics bought Parchim Airport in Germany and was hailed as an unprecedented transaction that opened a new investment chapter in Chinese aviation history.

Chairman of LinkGlobal Logistics Pang Yuliang, the main player, was in the media spotlight after beating out 10 other global competitors for this airport, which has an annual capacity of 180,000 fl ights and can handle all kinds of civil aircrafts. But now, the Ministry of Commerce has halted the transaction because the deal hasn’t been fi led with relevant authorities, which prevents LinkGlobal from completing the fi nancial part of the deal.