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发表于 2018-7-28 02:49:43
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Germany’s government is set to block the takeover of a German company by Chinese investors, marking the first time it has used a tough foreign investment law passed last year to veto an M&A deal.
The German business magazine Wirtschaftswoche reported that the government was blocking the acquisition of Leifeld Metal Spinning, a machine tool manufacturer based in the north-western town of Ahlen, by a Chinese company.
After investigating the deal, ministers had concluded it would “endanger public order and security in Germany”, according to the DPA news agency.
Leifeld, which has about 200 employees, specialises in high-strength materials used in aerospace and the nuclear industry. DPA named the Chinese company as Yantai Taihai Corp.
The deal had been investigated by the German economics ministry, which has the authority to look at any acquisition by a company based outside the EU that is buying 25 per cent or more of an entity based in Germany.
Last year the German government tightened its law on inbound investment, enhancing ministers’ powers to block foreign acquisitions of companies operating in “critical infrastructure”.
The move followed a period of mounting concern about the scale of Chinese dealmaking in the German high-tech sector, which peaked in 2016 with the |
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