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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)

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