German government may buy stakes in firms to avoid key takeovers


Devdiscourse News Desk | Updated: 05-02-2019 17:16 IST | Created: 05-02-2019 16:16 IST
German government may buy stakes in firms to avoid key takeovers
  • Country:
  • Germany

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.

(With inputs from agencies.)

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