Germany tightens checks on foreign investment plans


BERLIN (AP) — Germany tightened the rules Wednesday on foreign investments in some sectors, including the media, lowering the threshold at which it can consider blocking such plans.

An order introducing the new rules, which partly reflect increasing concerns about Chinese investors, was approved by the Cabinet. Authorities will now be able to launch an investigation of whether an investor from outside the European Union can go ahead with an investment if the planned stake is 10 percent or higher, rather than 25 percent at present.

The change will apply to companies in areas such as the defense and telecommunications sectors, as well as electricity, gas and water supplies.

Economy Minister Peter Altmaier said such companies “are of paramount importance for our lives. That also goes for the media sector.”

“Companies like investing in Germany and it should stay that way,” Altmaier said. “But with sensitive infrastructure, we must be able to look closely at who is buying it and what consequences that has.”

Top Conservatives Issue Warning Minutes After Hunter Biden Verdict: 'Don't Fall for It'

He said Germany is “strengthening our national security.”

Altmaier’s ministry said the media were included because of its significance for a functioning democracy.

The Association of German Chambers of Commerce and Industry said it was “problematic” for Germany, Europe’s biggest economy, to lower the threshold for examining foreign investments.

“That is particularly true in view of the negative signal that is being sent to our foreign partners,” its foreign trade chief, Volker Treier, said.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →

We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands. Photo credit: @AP on Twitter
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
New York City