Government: Fund and Official

government: Two senior government officials, who spoke on condition of anonymity, said the idea was for the state-owned investment fund to work with the private sector when buying company stakes to foil unwelcome takeovers, according to Global Times China. One official said the state could buy a stake initially and then sell it on as soon as possible to private investors. Economy Minister Peter Altmaier proposed the fund in February as part of a more defensive industrial strategy, and three officials told Reuters that the government is working on draft laws so the fund could be up and running next year. The other official said in some cases, the fund could work with private investors from the start. This is changing now, the first government official said. In the past, Germany was too reluctant to define its national interests. (news.financializer.com). As reported in the news.