Financial Times FT.com

Germans agree sovereign funds law

By Hugh Williamson in Berlin

Published: April 10 2008 03:00 | Last updated: April 10 2008 03:00

Germany's ruling coalition has cleared the way for measures to block unwanted investments by foreign sovereign wealth funds after political differences in Berlin on the controversial move were resolved.

A spokesman for Chancellor Angela Merkel told the Financial Times that the "remaining issues" holding up the draft law had been dealt with, adding that the cabinet would adopt the legislation "probably in the next few weeks".

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