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Germany plans to lower screening threshold for foreign investment in firms

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Germany plans to lower screening threshold for foreign investment in firms

Germany plans to lower screening threshold for foreign investment in firms
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KAI PFAFFENBACH(Reuters)
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BERLIN (Reuters) - Germany wants the power to investigate if an investor outside the European Union buys at least 15 percent of certain German defence-related or security-linked technology firms, an economy ministry spokeswoman said on Wednesday.

"We have suggested (a threshold of) 15 percent in preparatory talks with other ministries," the spokeswoman said during a government news conference.

The government plans come as concerns over Chinese takeovers of strategically important technology firms in Germany and other European countries mount.

Germany tightened controls on foreign investments last year after a series of high-profile takeovers by Chinese companies, making it possible for the government to intervene if a buyer amassed a shareholding of 25 percent.

(Reporting by Michael Nienaber; Editing by Michelle Martin)

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