Germany thwarts China by taking stake in 50Hertz power firm

Germany thwarts China by taking stake in 50Hertz power firm

6 years ago
Anonymous $dicfOfy7s2

https://phys.org/news/2018-07-germany-thwarts-china-stake-50hertz.html

Berlin has therefore tasked a public bank with purchasing a 20-percent stake put up for sale by Australian infrastructure fund IFM and which has been sought by China's State Grid.

The unusual step comes as Germany views China's huge interest warily, following a string of high-profile investments by the Asian giant in sectors ranging from robotics to automobiles to finance.

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