Caixin
Aug 02, 2018 08:27 PM
BUSINESS & TECH

Chinese Tech Takeover Abandoned in Face of Berlin Veto

*A Shandong province company dropped the planned purchase of a German machinery-maker after apparently anticipating that Berlin would block the deal

*This latest incident follows increasing scrutiny of Chinese acquisitions in sensitive sectors in Western Europe and beyond

(Beijing) — A Chinese buyer’s acquisition of an advanced German machinery manufacturer has become the first deal Berlin has effectively blocked due to concerns about surrendering key technology.

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