March 21, 2019 BY Valentina Kirilova

Germany to create state fund for preventing unwanted foreign takeovers

Germany intends to pass laws for the creation of a government-owned fund that would protect vital German companies from being acquired by foreign companies (especially Chinese ones), by end of 2019, according to Reuters. This is a major departure from the government’s “laid-back” approach towards business. Peter Altmaier, the Economy Minister first suggested the creation…

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