March 13, 2020 / 12:12 PM / 23 days ago

German finance minister: We can't rule out government taking stakes in firms

BERLIN (Reuters) - Finance Minister Olaf Scholz said on Friday that he could not rule out the German government taking stakes in companies due to the coronavirus outbreak.

Der Spiegel magazine on Friday reported Economy Minister Peter Altmaier as saying that nationalisation could be one option for supporting strategically important companies brought into difficulties by the coronavirus epidemic, which is causing demand to collapse and severing global supply chains.

Reporting by Michelle Martin; Editing by Paul Carrel

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