Germany toughened rules Wednesday for non-EU share purchases or acquisitions of companies that are part of its critical infrastructure, amid growing disquiet about takeovers by Chinese firms.
Angela Merkel's cabinet agreed on Wednesday to tighten scrutiny on takeovers of companies in strategic industries by buyers outside the EU, the Economy Ministry said, reacting to Europe-wide disquiet over Chinese takeovers.
Founders of German perfume and cosmetics retailer Douglas said on Monday that they would be teaming up with US private equity group Advent International to launch a €1.5 billion takeover of the group.
German auto group Daimler and Britain's Rolls-Royce said Monday they had succeeded in a takeover of motor and turbine maker Tognum, having acquired 59.87 percent of its shares.
The future of Germany's Karstadt, Europe's third-largest department store chain, appeared to be secured Friday as a court approved its acquisition by a billionaire investor, safeguarding 25,000 jobs.
The prospects for 25,000 employees at the beleaguered department store chain Karstadt are looking brighter after it emerged Thursday night that negotiators were close to striking a deal on reduced rent on the chain’s properties.
Germany's national rail company Deutsche Bahn on Thursday said it had agreed to buy British transport operator Arriva for 1.585 billion pounds (€1.827 billion) in cash.
A large majority of Germans would back partial nationalizations within strategic sectors to protect them against potential foreign takeovers, a poll published in weekly magazine <i>Stern</i> on Thursday showed.
