Financial Times FT.com

Berlin looks to vet foreign fund deals

By Bertrand Benoit in Berlin and Mark Schieritz in Frankfurt

Published: June 25 2007 18:54 | Last updated: June 26 2007 08:25

The German government is looking at setting up an agency to vet acquisitions by state-controlled foreign funds amid rising concern about the financial might of China, Russia and oil-producing countries.

Government officials told the Financial Times the finance ministry, economics ministry and chancellery were investigating whether foreign state-owned funds posed a national security risk. Officials are particularly anxious about any threat to take over German banks.

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