Electricity, robots, vaccines, China is buying German jewels - now the government fights back

The Acquisition of strategically important German companies from abroad will be more difficult. The Bundestag wants to decide on Thursday a law, with the invest

Electricity, robots, vaccines, China is buying German jewels - now the government fights back

The Acquisition of strategically important German companies from abroad will be more difficult. The Bundestag wants to decide on Thursday a law, with the investment from Non-EU countries in the future, a comprehensive and predictive can be tested. It is a question of the supply of vaccines, as well as critical infrastructures such as power grids.

The Changes had not yet been before the outbreak of the Corona-crisis planned. The background is that the Federal government could prevent the entry of a Chinese group in the power network operator 50Hertz only with difficulty. Economy Minister Peter Altmaier (CDU) had stressed that he wanted to prevent a "sell-out" of German economic interests.

Takeover, only without "probable impaired" possible

in the Future, Acquisitions should only be possible if they were classified as harmless. In addition, the state should be able to intervene if he thinks there's a "likely impairment" of the public security has always been a "real risk" was significant.

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dominated by mainly Chinese investors had it apart recently to high-tech firms in Germany and other countries. The most prominent example is the robot manufacturer Kuka, who was acquired in 2016 by a Chinese group.

conditions is already difficult investment

In the past year, direct investment from China in the 28 EU declined by countries, but by 33 percent to 12 billion euros, as is clear from an analysis of the Berlin Merics Institute and the U.S. consulting firm Rhodium Group shows. Reason for the decline of changed conditions in China and Europe, it is difficult to raise capital and to obtain the necessary permits. be

Germany, proved to be in the past year as a popular investment destination for the Chinese while the United States as the most important providers of capital more and more. This was demonstrated recently in a study by the consulting firm EY.

the EU is planning its own hurdle for foreign investment

Also, the EU wants to make it difficult shopping trips, state-subsidized, foreign company. The EU Commission proposes, among other things, that companies which benefit from subsidies from abroad, for purchases of a certain value need to sign up. The Commission could prohibit the Acquisition in the end also. Also, the award of public contracts, the state-funded companies, often with better cards will have to be regulated.

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pom/dpa

Date Of Update: 18 June 2020, 04:26
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