17 Dec 2018
Berlin plans to cut to 10 percent the threshold at which it can launch national security probes of stake purchases by non-European companies in German firms, business newspaper Handelsblatt reported on Sunday.
The decision follows years of mounting concern at the risk posed to the German economy by cash-rich Chinese investors buying stakes in strategically important companies, gaining access to valuable know-how and inside knowledge.
The takeover of robotics firm Kuka (KU2G.DE) by China’s Midea (000333.SZ) in 2016 spooked Germany, as did the surprise purchase earlier this year of a 9.7 percent stake in Daimler (DAIGn.DE) by Chinese carmaker Geely .
– By by Thomas Escritt, Reuters, 16 December 2018.
Link to Reuters.
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