Germany to tighten checks on foreign investment plans

BERLIN — The German government plans to tighten rules on foreign investments in some companies to lower the threshold at which it can consider blocking such plans. The move comes amid increasing concern about Chinese investors.

The Economy Ministry is proposing changing the rules so that authorities can launch an in-depth investigation of whether an investor from outside the European Union can go ahead with an investment if the planned stake is 15 percent, rather than 25 percent at present.

Ministry spokeswoman Tanja Alemany said Wednesday the change would apply to companies in the defense sector, critical infrastructure or areas such as IT security.

She said that "we do not want to prohibit more" deals, but "we want to be able to be more attentive where Germany's legitimate security interests are affected."

Similar News

Australian official rejects criticisms of China investor ban

Aug 12, 2016

Australia's treasurer has rejected accusations that the true reason his government plans to ban Chinese bidders from leasing a Sydney electricity grid is to appease influential lawmakers with xenophobic views

Arianna Huffington signs off at The Huffington Post

Aug 11, 2016

Arianna Huffington is signing off at The Huffington Post

Macy's plans to close 100 stores, boost online investment

Aug 11, 2016

Macy's says it plans to close about 100 stores next year and increase its investments online as the department store operator tries to become more nimble in an increasingly fierce market

Broaden