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situation report

Aug 7, 2018 | 16:04 GMT

1 min read

Germany: Government to Increase Oversight of Foreign Takeovers

What Happened: Germany's government is working to amend legislation to allow it to intervene when an investor from outside the European Union attempts to acquire more than 15 percent of a German company, rather than the current amount of 25 percent, Deutsche Welle reported Aug. 7.

Why It Matters: The German government is concerned about Chinese and U.S. takeovers of German companies, particularly in strategically important sectors.

Background: Germany's government passed a reform in 2017 that gave the government more power and time when monitoring foreign takeovers.

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