Germany to block sovereign wealth fund takeovers

The Local, 20 Aug 2008

"One deal that the new legislation might block is the possible multi-billion-euro takeover of container shipping giant Hapag Lloyd, owned by German firm TUI, by Temasek.

The bid from Temasek, which has already publicly expressed interest in the company via its Neptune Orient Lines unit, is one of half a dozen or so that TUI has received, the Financial Times Deutschland reported in late July."

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