Bavaria Wants to Keep Chinese Investors Away From German Companies - Report | WHAT REALLY HAPPENED


Bavaria Wants to Keep Chinese Investors Away From German Companies - Report

The German federal state, home to the world’s leading industrial concerns BMW, Siemens and others is reportedly preparing stricter limits for Chinese stake buyers amid fears of stealing technology and threats to industrial security.

Bavarian authorities are preparing new legislation, which lowers the stake barrier for Chinese investors from the current 25% to 10% maximum share, according to the local outlet Augsburger Allgemeine. The southern German state is set to introduce the proposition to the national parliament after several acquisitions by Asian tycoons have alarmed Europe’s largest economy.

The most recent one is the deal between carmaker Daimler, famous for its Mercedes brand, and China’s Geely, which gained a 10 percent stake in the German icon. Although the Chinese concern’s chairman Li Shufu, who branded himself as an independent entrepreneur, reassured the Bild am Sonntag that he had not taken a “single cent” from the Chinese authorities, in his comment for the Chinese CCTV he stated his goals are to “support the growing Chinese car industry” and “serve national strategies.”

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