German PE group speaks out against efforts to block foreign takeovers

The German Private Equity and Venture Capital Association (BVK) has spoken out against a planned legislative change that would make it easier for the government to block foreign takeovers in the country.

Germany’s cabinet approved legislation on April 8 that will lower the threshold for reviewing and blocking foreign takeovers of strategically important companies. The plans for the legislation were put together prior to the Covid-19 crisis, however the German government, in line with the rest of Europe, has accelerated its...