German Ministry of economic affairs to withdraw the approval of China's FGC acquisition Aixtron

Chinese funded enterprises in the acquisition of a large number of obstacles on the road.

Aixtron, a German chip maker, said today that the Ministry of Finance withdrew its approval of China's Fujian macro Fund (FGC) in September 8th. German Ministry of economic affairs spokesman confirmed that the case has been restarted to assess the acquisition process, refused to disclose specific details.

However, the German World News quoted the German Deputy Minister of the Ministry of economic affairs, said Machnig, the German Ministry of economic affairs to withdraw the approval of the acquisition of Aixtron due to the emergence of new security related news".

Affected by this, Aixtron shares fell more than 7% yesterday, at $5.39.

September 8th, the German Ministry of Economic Affairs approved the acquisition of Aixtron FGC about 65% of the shares, with a total value of about $670 million. This month, 21, FGC takeover bid for the end of Aixtron, FGC said earlier than the acceptance period of 10 hours to pay the relevant shares, enough to make the transaction through.

This year, the Chinese invested heavily in German enterprises. Relevant data show that in the first half of this year, China's European business transactions related to mergers and acquisitions reached 164, very close to last year's total of 183. In these 164 M & A transactions, there are 37 involving German companies, the first in europe. Research Center Chinese Berlin think-tank (Mercator Institute for China Studies Mercator), also pointed out that due to Ace's strong and KUKA takeover of Germany this year to become Chinese Europe's largest recipient of investment.

Chinese acquisitions so fierce, it will inevitably lead to concerns about the loss of technology in germany.

Previously proposed Chinese beauty appliance manufacturers will acquire more than 30% of the shares of robotic company in German KUKA, continued to be part of the German official block. German economy minister Sigmar Gabriel publicly called on Europe to set up security provisions to prevent foreign acquisitions of such strategic enterprises.

German investor protection organization SdK spokesman Daniel Bauer (Daniel Bauer) prior to the "New York Times" said that many Germans for the Chinese acquisition of famous German technology company is very worried, fears that foreign investors can only transfer professional technology, has no intention of retaining facilities.

According to the sound of the German public media, Germany's "world news", "Daily" reported that day before the Ministry of economic affairs drafting called on the EU level investment audit recommendations "policy documents. According to the document, if the acquisition of more than 25% of the vote, the government has the power to stop the acquisition, focusing on the following four situations: Investment by foreign investors to accept the government's industrial policy, state subsidies for foreign investors, state-owned enterprises, investors from international enterprises to enter the Chinese market for germany.

However, the United States over the merger of these obstacles, is now nearing completion. With the August offer additional to the end of the offer period, the United States eventually hold KUKA group issued share capital ratio rose to 94.55%. If there is no change in the level of review before March next year, the acquisition will be successful.

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