The majority owner of German toolmaker Leifeld said China’s Yantai Taihai had dropped its attempt to buy the company ahead of an expected veto by the German government. Photo: Handout

Berlin says it is ready to use takeover veto after Chinese bid for German metalworking firm Leifeld

German government tightened controls on foreign investments last year after a series of high-profile takeovers by Chinese firms

Topic |   China-EU relations

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The majority owner of German toolmaker Leifeld said China’s Yantai Taihai had dropped its attempt to buy the company ahead of an expected veto by the German government. Photo: Handout
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