Germany’s authorities are willing to introduce new rules in the European Union to allow member states to protect their companies in strategic economic sectors from takeover by large Chinese investors.
This statement was made by Germany's Deputy Economy Minister Matthias Machnig. According to him, the rising number of controversial deals with Chinese investors concerns the German government. A lot of takeovers seem to be carried out in order to receive access to German high-tech expertise instead of aiming at investments in the country.
In particular, Machnig named a deal with chip plant maker Aixtron speaking for a change in the government’s stance regarding the deal implementation.
The initiative on general investment limitations in Europe was announced amid the recent halts of several large deals with Chinese investors.
