Germany plans rapid state intervention to protect key industries
Share:
BERLIN (Reuters) - German Economy Minister Peter Altmaier wants to set up a new government body with powers to decide quickly whether to take stakes in key domestic companies to prevent foreign takeovers.Altmaier presented his new industrial strategy on Friday, including plans to set up a standing committee which, as a last resort, could decide to take stakes in German companies that produce sensitive or security relevant technologies.The stakes, which would be acquired by Germany's KfW state..