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Germany sets EU tone with tighter curbs on foreign takeovers


By Pamela Barbaglia, Rene Wagner and Arno SchuetzeLONDON/BERLIN/FRANKFURT (Reuters) - Germany has become the first European Union country to tighten its rules on foreign corporate takeovers, following a series of Chinese deals giving access to Western technology and expertise. The new regulations will allow the German government to block takeovers if there is a risk of critical technology being lost abroad. They will take effect shortly with no need for parliamentary approval in a bid to protect critical infrastructure, including power grids and hospitals."We remain one of the most open ...

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First Published: Thu, July 13 2017. 00:14 IST