Germany’s economy minister Peter Altmaier had a warning this week for foreign investors seeking to exploit the deepening coronavirus crisis to snap up Germany’s most strategic companies.
“I say to all those people in hedge funds and elsewhere who are looking forward to acquiring one or the other [German firms] on the cheap — make no mistake, we are determined to stand by our companies.”
Ursula von der Leyen, president of the European Commission, conveyed a similar message in a speech addressed to EU member states on Wednesday. “You should use all options to protect critical European companies from foreign takeovers or influence that could undermine our security and public order,” she said in a tweeted video.
The coronavirus pandemic, which has brought economic activity in large