Germany to protect firms from foreign takeovers - report
The German cabinet is set to discuss plans on Wednesday that will make it easier to intervene to stop the sale of strategic firms to foreign investors, a newspaper reported.
The Sueddeutsche Zeitung daily said it had obtained a copy of new regulations proposed by the economy ministry which will allow the government to block takeovers if they could endanger critical infrastructure.
The move comes after the takeover of German robotics maker Kuka
Earlier this year, the German economics ministry withdrew approval for Fujian Grand Chip Investment Fund (FGC) to buy chip equipment maker Aixtron
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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