The Local Germany

With eye on China, Germany toughens rules for foreign takeovers

Wed, 19 Dec 2018 15:56:39 +0100

Germany toughened rules Wednesday for non-EU share purchases or acquisitions of companies that are part of its critical infrastructure, amid growing disquiet about takeovers by Chinese firms.

German gvnt to toughen rules to protect German 'know-how' from foreign takeovers

Wed, 12 Jul 2017 12:50:53 +0200

Angela Merkel's cabinet agreed on Wednesday to tighten scrutiny on takeovers of companies in strategic industries by buyers outside the EU, the Economy Ministry said, reacting to Europe-wide disquiet over Chinese takeovers.

US takeover likely for Douglas perfume chain

Mon, 15 Oct 2012 14:52:00 +0200

Founders of German perfume and cosmetics retailer Douglas said on Monday that they would be teaming up with US private equity group Advent International to launch a €1.5 billion takeover of the group.

Daimler, Rolls-Royce take over Tognum

Mon, 06 Jun 2011 13:25:00 +0200

German auto group Daimler and Britain's Rolls-Royce said Monday they had succeeded in a takeover of motor and turbine maker Tognum, having acquired 59.87 percent of its shares.

Court approves Karstadt deal, saving 25,000 jobs

Fri, 03 Sep 2010 16:56:00 +0200

The future of Germany's Karstadt, Europe's third-largest department store chain, appeared to be secured Friday as a court approved its acquisition by a billionaire investor, safeguarding 25,000 jobs.

Deal to keep Karstadt alive moves closer

Fri, 03 Sep 2010 11:07:00 +0200

The prospects for 25,000 employees at the beleaguered department store chain Karstadt are looking brighter after it emerged Thursday night that negotiators were close to striking a deal on reduced rent on the chain’s properties.

Deutsche Bahn buys British transport operator Arriva

Thu, 22 Apr 2010 11:36:00 +0200

Germany's national rail company Deutsche Bahn on Thursday said it had agreed to buy British transport operator Arriva for 1.585 billion pounds (€1.827 billion) in cash.

Germans back nationalization of key industries

Thu, 30 Oct 2008 08:48:00 +0100

A large majority of Germans would back partial nationalizations within strategic sectors to protect them against potential foreign takeovers, a poll published in weekly magazine Stern on Thursday showed.

Germany reportedly readies legal veto on sovereign fund takeovers

Mon, 02 Jun 2008 15:07:00 +0200

The German Economy Ministry has finalized a draft law aimed at protecting companies from foreign takeovers, a government spokeswoman said on Monday.