The German government refused to approve the Chinese acquisition of Round Vance?
German media quoted financial sources on Thursday as saying that the German government has rejected a request from China to allow Germany to approve the Chinese consortium to acquire the Ledvance division of Osram. German media quoted financial sources on Thursday as saying that the German government has rejected a request from China to allow Germany to approve the Chinese consortium to acquire the Ledvance division of Osram. Earlier this year, OSRAM had agreed to sell its Landexpence general lighting business to a consortium of Chinese buyers for a price of more than 400 million euros ($437 million). Prior to this, the German government suspended the acquisition of Aixtron, a semiconductor manufacturing equipment company by Fujian Grand Chip Investment, and said the decision was made for security reasons. . On July 26th, Osram agreed to sell the Landdevans to the Chinese bidders. In order to complete the transaction successfully, the two parties have been running for several months, but they have encountered this accident. In 2016, China acquired a large number of German companies, including the acquisition of German robot giant KUKA. German media said that the frequent actions of Chinese capital have caused panic among the German government. In order to prevent the loss of key technologies, German Deputy Minister of Economic Affairs MatthiasMachnig has submitted a document on the EU assessment investment containing the “6 key points†to the German government and the European Union. The document will be used in the EU to assess the level in the future. investment. Although the German Minister of Economy has repeatedly stated that the German government will take measures to ensure fair competition, especially for foreign companies that receive government subsidies, while foreign investment is still open. However, the Chinese acquisition of German companies has been frequently stopped by the German government, and it is feared that Chinese capital will lose confidence in investing in Germany. The German government is worried about the loss of sensitive technology. Previously, the acquisition and cooperation of Haier Group's acquisition of GE's home appliance business has not been blocked by the United States, which has always been stricter in approval. The Chinese consortium's acquisition target is only the OSRAM general lighting business, and it does not involve safety-related aspects. The German government should have no reason to reject it.
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