The German government has blocked a Chinese bid to buy another of the country’s industrial companies, according to a report on IndustryWeek.com.
A deal had been discussed for China’s Yantai Taihai Group to take over Leifeld Metal Spinning, an industrial machine builder established in 1891.
Industry Week reports that Yantai had already withdrawn the bid before the German government issued its veto, but the current business environment appears to be different from what it was a couple of years ago. [Read more…] about Merkel blocks Chinese bid to buy German industrial company