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UPDATE 1-Germany may take part in Lufthansa capital increase Reuters 1 hr ago
By Michael Nienaber
BERLIN, June 2 (Reuters) - Germany is considering participating in a planned 3 billion euro ($3.7 billion) capital increase at Lufthansa, Finance Minister Olaf Scholz told Reuters on Wednesday, a move that could help to repay the airline s state-backed bailout.
Reuters last month reported that Lufthansa was working with Deutsche Bank and Bank of America on plans for a capital increase in either the summer or autumn. We are always taking a close look at this. One thing is clear: if companies have a goal of freeing themselves of a need for state support, we will make that possible, said Scholz in an interview.
By Reuters Staff
2 Min Read
BERLIN, March 9 (Reuters) - Germany has temporarily suspended financial assistance to some companies suffering under lockdown measures to contain the coronavirus after identifying several cases of suspected fraud, the economy ministry said on Tuesday.
The suspension affects companies which applied for special assistance for November and December as well as some special bridge loans. It said the suspension began on March 5 but did not say how many companies were affected.
The ministry said it had referred the suspicious cases to prosecutors who have launched investigations into the irregularities.
“There are suspicions that in a few cases corona-related state aid was obtained unlawfully through fraud,” an economy ministry spokeswoman said in an emailed statement.
By Reuters Staff
3 Min Read
BERLIN, Jan 22 (Reuters) - Germany wants to expand the list of sectors it will protect from unwanted takeovers outside the European Union, the economy ministry said in a proposal on Friday.
A law in place since last year allows the government to screen foreign takeovers on grounds of public interest if a non-European investor buys a 10% stake in a company, sharply reducing the threshold from 25%.
The government said last year it would apply the law to pharmaceutical and other related sectors like the production of protective masks, a measure it said was necessary given the coronavirus pandemic.