Germany Blocks Chinese Acquisition of Gas Turbine Unit Over Security Concerns

Germany has blocked the sale of MAN Energy Solutions' gas turbine business to a Chinese state-owned company due to national security worries, pointing to potential threats to public safety and order. The decision was made under Germany's Foreign Trade and Payments Act, reflecting growing caution around exporting goods to China with military ties.

The rejection stemmed from concerns over the Chinese military's involvement with the buyer and the possible dual-use nature of the technology. Additionally, the move aligns with broader EU efforts to safeguard critical technology and prevent foreign takeovers in sensitive sectors.

Meanwhile, in a separate deal, a German renewables developer signed an agreement with a Chinese company to install wind turbines in German waters, sparking concerns in the EU industry about competition and supply chain impacts.