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rdf:type	schema:NewsArticle
schema:articleBody	German ministers plan to approve Wednesday a new law tightening checks on foreign takeovers of the country's companies, aiming to keep critical production and knowhow within its borders. The weekly cabinet meeting "will deal with" the updated foreign investment law, government sources told AFP. Already in progress before the outbreak of the coronavirus pandemic, the plans have been lent fresh urgency by shortfalls of critical supplies. "Recent weeks have shown that supplying the German people with items vital for life, like vaccines, can depend on a single company," a government source told the Funke newspaper group. A key element of the reform is lowering the threshold for Berlin to block a takeover by an investor based outside the EU. Instead of demonstrating that the acquisition presents a real danger to German security, in future officials will only have to prove a "likely impact". Meanwhile takeovers will be placed on ice while the government makes such assessments, preventing the new owners laying hands on any of the target firm's intellectual property. "Information or technology seeping out during an ongoing investment check can have serious consequences," a government source told Funke. As well as defence, the measure will extend to vital infrastructure and companies in other areas critical to public safety. In line with the rest of the European Union, Germany has moved to tighten controls on investments from abroad in recent years in response to fears cutting-edge technology or critical infrastructure could be bought out from under Berlin's feet. The latest update to the law can be traced back to an April 2019 EU directive on screening foreign investments. China has been a particular bogeyman since the 2016 purchase of German high-tech industrial robot maker Kuka by appliance maker Midea. Now the coronavirus pandemic has ramped up the pressure as crucial supplies like protective clothing and masks run short. Chancellor Angela Merkel said Monday a lesson to be learnt from the pandemic was that Europe needed to develop "self-sufficiency" in manufacturing of such medical gear. "Regardless of the fact that this market is presently installed in Asia... we need a certain self-sufficiency, or at least a pillar of our own manufacturing" in Germany or elsewhere in the European Union, she said. jpf-tgb/mfp/wai
schema:headline	Germany plans new curbs on foreign takeovers
schema:mentions	Midea Group Intellectual property Agence France-Presse Asia Ice Angela Merkel Berlin Germany European Union Pandemic United States China Severe acute respiratory syndrome coronavirus 2 Bogeyman Industrial robot Critical infrastructure High-throughput screening Cabinet of Israel
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-07 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	80 (xsd:integer)

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