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Germany to protect firms from foreign takeovers - report

Reuters  |  BERLIN 

BERLIN (Reuters) - The German cabinet is set to discuss plans on Wednesday that will make it easier to intervene to stop the sale of strategic firms to foreign investors, a newspaper reported.The Sueddeutsche Zeitung daily said it had obtained a copy of new regulations proposed by the economy ministry which will allow the government to block takeovers if they could endanger critical infrastructure.The move comes after the takeover of German robotics maker Kuka by China's Midea sparked controversy, amid fears that China is taking control of key technologies while protecting its own companies ...

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First Published: Wed, July 12 2017. 03:31 IST