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German economy minister wants tougher foreign investment rules ^ | 3 March 2018 14:56 CET+01:00 | AFP

Posted on 03/04/2018 2:42:41 PM PST by Olog-hai

Germany’s economy minister on Saturday suggested tightening the rules on foreign investment, following concern over Chinese influence on European firms.

Last month, it emerged that Chinese billionaire Li Shufu had quietly bought a near-10-percent stake worth around €7.2 billion ($8.9 billion) in German car giant Daimler — making him the group’s largest shareholder.

“We must always adapt our law on the external economy according to new developments, including the threshold at which (the government) can become involved,” Economy Minister Brigitte Zypries told the weekly Der Spiegel.

Currently, Berlin can scrutinize a transaction and possibly prevent it, if the foreign investor seizes a stake worth more than 25 percent of a company’s capital.

“The fact is, the investors can often exert considerable influence on a business, even with a smaller stake,” said Zypries, a Social Democrat. …

(Excerpt) Read more at ...

TOPICS: Business/Economy; Foreign Affairs; Germany; Government
KEYWORDS: daimler; eussr; foreigninvestment; lishufu; mercedesbenz; redchina; socialmarketeconomy; zypries

1 posted on 03/04/2018 2:42:41 PM PST by Olog-hai
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To: Olog-hai

They should tighten rules on foreign immigration, not investment.

2 posted on 03/04/2018 2:59:02 PM PST by FatherofFive (Islam is EVIL and needs to be eradicated)
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To: FatherofFive

That would take moving away from the principles of people like Babeuf, Hegel and Marx.

3 posted on 03/04/2018 5:01:09 PM PST by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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