Concern over planned law to shield German companies
- Germany
- 08/18/2008
The German government aims to give itself the right to stop foreign investors from buying holdings of 25 percent or more in German companies deemed to be strategic. Economy minister Michael Glos brushed off as ‘unfounded’ concern that the government’s plans to change legislation to allow it to block certain foreign investments may create a protectionist state. ‘The new rules are very modest and allow interference by the government in foreign investment projects in only very few cases,’ he said.
