Germany to block foreign takeovers, protect domestic companies – top politicians ...United Arab Emirates

Germany will protect domestic firms from foreign takeovers, two leading politicians said on Friday, after company valuations in Europe’s largest economy have been hammered by the coronavirus pandemic. Ministers have already promised liquidity support to businesses and introduced measures making it easier to reduce working hours rather than lay off workers. Germany’s blue-chip DAX index, which comprises the country’s 30 largest listed corporations, has plunged more than a third over the past month. This has increased the risk of foreign companies snapping up rivals at a discount. “We will avoid a sell-out of German economic and industrial concerns. There cannot be any

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