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BERLIN, Oct 13: Germany is drafting plans to shield domestic firms in strategic areas from unwanted foreign takeovers by giving the government authority to retroactively veto certain foreign takeovers, a magazine said on Saturday.
Der Spiegel news magazine reported the government will get the chance -- for up to four years after a takeover by foreign investors -- to retroactively reverse a deal, according to two plans by the Economy Ministry and Christian Democrats party.
Der Spiegel news magazine reported the government will get the chance -- for up to four years after a takeover by foreign investors -- to retroactively reverse a deal, according to two plans by the Economy Ministry and Christian Democrats party.
