Germany plans to block unwanted foreign takeovers
The German cabinet agreed on Friday on a plan to try to find a way to protect German industries from unwanted takeovers by investment funds owned by foreign governments.
“It is a completely normal policy,” said Chancellor Angela Merkel at a press conference. The plan is to create control mechanisms to block unwanted foreign takeovers, preempting complaints that the government is pursuing a policy of protectionism. Merkel said that other countries including the US and France employ such policies and that any such policy would be in line with European Union and World Trade Organization guidelines. She added that Germany will continue to work with the EU to try to find a Europe-wide approach to the issue. (peopledaily.com.cn)
ADVERTISEMENT
Áder Flags Delay in Full-scale Rollout of Bottle Return Syst...
India's G20 Presidency, Dawn of New Multilateralism - Narend...
Real Estate Sales May Be Stronger Than Usual in December
TikTok Commits to Improved Consumer Communication in Hungary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
