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ARTICLE · 08 MAY 2019

A New European Deal?

Hogan Lovells
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German Minister of Economics suggests revising EU and German merger control regulations to enable the creation of European champions – and keeps FDI options on the table to prevent acquisitions by non-European players.

BelgiumGovernment, Public Sector
Falk Schöning
Falk Schöning
Stefan Kirwitzke
Stefan Kirwitzke

German Minister of Economics suggests revising EU and German merger control regulations to enable the creation of European champions – and keeps FDI options on the table to prevent acquisitions by non-European players.

The German Federal Minister of Economics, Peter Altmaier, published a paper on 5 February 2019 entitled "National Industry Policy 2030" which sets out the "strategical guidelines for a German and European industry policy" (to be accessed here in German). The paper aims to address the economic changes brought about by globalisation, protectionism and disruptive new technologies. It proposes a two-pronged solution to these developments: loosening EU and German merger control rules to benefit European-only mergers while maintaining a tight German Foreign Investment Control regime (the latter having only recently been amended, see here for more information).

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