⚖Jane’s Defence Weekly

⚖Jane’s Defence Weekly

Germany halts Chinese purchase of composites company .

The German Ministry for Economic Affairs and Energy has halted the proposed acquisition of aerospace composites company Cotesa by a state-owned Chinese industrial group, pending an investigation, according to reports in the Financial Times .

News of the deal, and of the German government’s potential issue with it, first broke in late December, when it emerged that the China Iron & Steel Research Institute had agreed to purchase Cotesa in a bid to integrate it into the supply chain of state aircraft manufacturer Comac.

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http://www.janes.com/article/76845/germany-halts-chinese-purchase-of-composites-company