New cars of the Chinese car manufacturer Geely (front), drive on a parking space at the Nansha trade zone at the port. The acquisition of a stake in Daimler by the Chinese car manufacturer was one of the biggest deals in Europe. (picture alliance/Wenjun Chen/dpa/archive)
Chinese investors continue to show great interest in German companies. According to a study by the management consultancy EY, since January they have spent around 15 billion dollars on takeovers and investments in Europe - 10 billion dollars of which was spent in Germany.
The biggest deals in Europe were the acquisition of a stake in Daimler by carmaker Geely, the takeover of a French computer game manufacturer and the ongoing takeover of Bavarian automotive supplier Grammer by supplier Jifeng.
Resistance to this trend has indeed grown, said EY China expert Yi Sun. Especially among high-tech companies and energy suppliers in Europe, today there are more "political concerns and concerns about a sell-off of know-how." The sellers have also become more cautious and demanded guarantees from the Chinese buyers, she said. But the tensions with the US could again "lead to a greater willingness in Europe to get Chinese investors on board," the expert said. "If an attractive company is considered an acquisition target in Europe, there is basically always a Chinese company among those interested."
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