The Briefing Room
General Category => World News => Topic started by: To-Whose-Benefit? on September 19, 2018, 02:33:55 pm
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Reuters
Andrea Shalal, Thorsten Severin, September 19, 2018 / 5:09 AM / Updated an hour ago
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https://www.reuters.com/article/us-germany-china/germany-mulls-fund-to-fend-off-chinese-tech-takeovers-source-idUSKCN1LZ10T (https://www.reuters.com/article/us-germany-china/germany-mulls-fund-to-fend-off-chinese-tech-takeovers-source-idUSKCN1LZ10T)
BERLIN (Reuters) - The German government is taking steps to counter a surge in Chinese bids for stakes in German technology companies, including the creation of a billion-euro fund that could rescue such firms in financial trouble, a government source told Reuters.
Senior officials are also working on changes to foreign trade regulations to ensure that key technologies remain in German hands. These would include government reviews of foreign acquisitions of stakes in companies below the current 25-percent threshold, and expanding which types of purchases must be examined.
“This is an issue that we are working on very intensely,†said the source, who was not authorized to speak publicly.