Germany may buy stakes in firms to stop takeovers in key sectors – minister
Germany could take stakes in companies to prevent foreign takeovers in some key technology areas, Economy Minister Peter Altmaier said on Tuesday as he outlined a national industrial strategy.
“It can go as far as the state taking temporary stakes in companies – not to nationalise them and run them in the long run but to prevent key technologies being sold off and leaving the country,” Altmaier said.
Source: Reuters (Reporting by Michelle Martin and Paul Carrel; Writing by Madeline Chambers)