economy Minister Altmaier calls for more opportunities for the state to protect key German firms against potential hostile Takeovers from abroad. The state should be allowed to buy shares in the company – for a limited time.
Federal Minister Peter Altmaier wants to, if necessary, to prevent an equity Fund hostile Takeovers of large companies by the state in Germany. “Only in very important cases, the state should be able to occur for a limited period of time even as the acquirer of shares in a company,” said Altmaier, while the idea of a “National industry strategy to 2030”, Ministry of economic Affairs.
in the face of severe competition from the USA and China, Altmaier wants to arm Germany as an industrial location for the future. In the strategy paper, he cites companies such as Siemens, Thyssenkrupp or the automotive manufacturer, as well as Deutsche Bank. “The Survival of such enterprises is in the national political and economic interests”, – stated in the paper.
On the criticism of excessive state interference Altmaier said he is committed to social market economy. But you should not also sit idly by but must act in order not to endanger the prosperity of the country.
