Berlin stops Chinese firm from buying German medical device maker -Handelsblatt

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Berlin stops Chinese firm from buying German medical device maker -Handelsblatt

BERLIN, April 27 (Reuters) – The German govt has stopped a Chinese company from obtaining a German professional medical device producer, citing public security problems, German daily Handelsblatt noted Wednesday.

Beijing-based Aeonmed Team, which also helps make health-related devices, is prevented from paying for Heyer Professional medical AG primarily based on a governing administration assessment that there were being hazards to public basic safety, explained Handelsblatt, citing German govt resources.

The ban would go to the cabinet on Wednesday, it included.

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In 2020, Germany tightened policies to shield domestic corporations from undesired takeovers by buyers from non-European Union nations, worried about elevated investment in significant sectors by Chinese enterprises.

The pandemic experienced demonstrated the German authorities that it was crucial for the state to maintain its possess producers, Handelsblatt cited government sources as stating.

Aeonmed Group had previously formally completed the takeover in March 2020, but now it is no for a longer time legitimate, mentioned Handelsblatt.

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Composing by Miranda Murray, Editing by Louise Heavens

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