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Germany tightens rules to shield businesses from foreign takeovers

Reuters  |  BERLIN 

BERLIN (Reuters) - Germany has approved rules to make it easier to block the sale of strategically important companies to investors from outside the European Union, prompted by concerns about China acquiring German expertise by that route.The new regulations, which come amid fears of rising protectionism hurting world trade, allow the government to block takeovers if there is a risk of important know-how being lost abroad. The rules do not need parliamentary approval."We remain one of the most open economies in the world, but we also need to take fair competitive conditions into ...

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First Published: Wed, July 12 2017. 15:19 IST