BERLIN – Germany’s Cabinet on Wednesday approved legislation that will make it easier for authorities to prevent foreign takeovers of strategically important companies.

The changes are meant to bring rules in Germany, Europe’s biggest economy, in line with a year-old European Union directive on screening foreign investment.

The plans pre-date the coronavirus crisis, but come as the German government has vowed to “stand by our companies” in the face of investors who might now hope to acquire firms cheaply.

The new rules, which require parliamentary approval, will lower the threshold for examining and blocking potential takeovers.

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Caitlyn Jenner - Sophia Hutchins - Caitlyn Jenner grabs Easter take-out with Sophia Hutchins before accepting PrettyLittleThing award - dailymail.co.uk - county Los Angeles - city Malibu

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Germany moves to make it easier to block foreign takeovers

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