April 19, 2017 / 10:38 AM / in 3 months

No approval needed to set up firms abroad, Germany says on Rheinmetall's Turkey plans

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The logo of Germany's Rheinmetall AG is outside the company's headquarters in the western German city of Duesseldorf August 4, 2014.Wolfgang Rattay

BERLIN (Reuters) - Asked about plans to build a Rheinmetall (RHMG.DE) factory in Turkey, a German Economy Ministry spokesman said setting up a company abroad did not require permission from the German government but transferring knowledge did.

"Just founding a firm abroad is not subject to foreign trade law but transferring knowledge to a firm abroad, for example, which also happens if you start up production, is subject to foreign trade law and would need to be approved by us," a spokesman for the Economy Ministry said on Wednesday.

Rheinmetall started making plans for a factory in Turkey more two years ago. The group's CEO Armin Papperger told German newspaper Tagesspiegel last month that it was not yet producing anything.

Reporting by Sabine Siebold; Writing by Michelle Martin and Victoria Bryan; Editing by Madeline Chambers

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