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German government may buy stakes in firms to avoid key takeovers


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

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.)

COUNTRY : Germany

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