July 25, 2018 / 10:32 AM / in 9 months

Germany - Want better tools to stop takeovers of firms by non-EU countries

BERLIN (Reuters) - Germany wants better tools for hindering takeovers of German companies by investors beyond the European Union that do not conform with market regulations, a spokeswoman for the Economy Ministry said.

The German government tightened controls on foreign investments last year after a series of high-profile takeovers by Chinese firms, making it possible for Berlin to intervene if a buyer amasssed a shareholding of 25 percent.

Reporting by Gernot Heller; Writing by Michelle Martin, editing by Thomas Escritt

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