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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Germany acts to halt the `giant locusts`

Posted on 19 August 2008

From Telegraph.co.uk: Germany’s cabinet is expected to approve a far-reaching new law this week to stop ‘giant locust funds’ from Russia, China and the Middle East from launching takeover raids on the country’s prized industries.

The article adds that, “Stephen Jen, currency chief at Morgan Stanley, said Britain’s open-door policy means that the City would be the chief beneficiary of the German plan. ‘The funds can use operations listed in London,’ he said.”… Full article: Source


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