Recently, more and more Chinese companies are seeking to acquire German companies. For example, Midea Group, a home appliance manufacturer, has announced that it has acquired 94.55% of KUKA's shares through TOB. The German government has indicated that it will not be involved. The acquisition is expected to be completed successfully. China Fujian Investment Fund Group announced in May that it will pay 670 million euros (7.4705). US$100 million acquisition of AIXGn.DE, a German semiconductor equipment factory; China Chemical has an investment interest in SGLCarbon...

After the National Day Golden Week, another Chinese company once again sought to enter the famous high-tech enterprises of the main German to obtain advanced patent technology, which caused widespread concern in the German media. German "Business Daily" and "Economic Weekly" and other media reported that China Sanan Optoelectronics intends to acquire the German lighting company Osram (Osram) news, for a time, the "buy and buy" behavior of Chinese enterprises in Germany caused a lot of media attention.

The news that the Chinese company and Germany's German-made German voice quoted the "New Zurich News" said that the hunger for Chinese companies to acquire German companies is obviously endless. According to a study by Ernst & Young, Chinese investors acquired 37 German companies in the first half of the year, setting a historical record.

In 2015, 39 German companies were acquired by Chinese companies. The total investment size has expanded even more: the total investment in 2015 was $526 million, and the total investment in the first six months of this year has reached $10.8 billion.

Therefore, Strak, Director of the International Marketing Department of the German Federal Industry Association (BDI), pointed out to the New Zurich newspaper that the current priority is to eliminate the asymmetry between the two sides in terms of market access. “When German companies participate in Chinese companies, To face various restrictions, the terms of the technology transfer rules and many quotas, Germany must urge China to eliminate these investment barriers.” German financial information website finanzen.net analyzed the Chinese company's intention to purchase Osram.

Financial commentator Westerman pointed out that for Siemens president Caesar, this may be a good opportunity to get rid of the remaining shares of the company in the past while maintaining grace and profit. After Osram's self-reliance three years ago, Siemens also holds a full 17% stake. Moreover, Caesar and OSRAM President Bolin have already turned their faces, the cause is the enterprise repositioning plan announced by the latter in November 2015.

The stock market rebounded sharply, and Osram’s stock plummeted. The market value of Osram shares held by Siemens has shrunk by 260 million euros overnight. The financial commentator believes that if Sanan Opto's intention to acquire Osram is true, then this is likely to become a wishful trade: "These (accidental) rumors have lighten the faces of Osram's shareholders." .

Investors who bought Osram shares in the first time after the news was exposed, can now see that the stock price has risen by 150%. If the M&A war on OSRAM really started, then the stock's skyrocketing is far from reaching its peak.

According to the German Economic Research Institute, one of the reasons why Chinese companies have significantly increased their M&A efforts in Germany is the current weak state of China's stock market and the decline in economic growth. Domestic demand is insufficient and corporate development is hindered. They hope to take advantage of investment mergers and acquisitions in the European market. On the other hand, this also helps German companies to better enter the Asian market.

In an interview with a German-Chinese news agency, Sylmar, a specialist in the Sino-German mergers and acquisitions business, said that "China has money and must throw it out."

In the context of the devaluation of the renminbi, if Chinese companies do not invest overseas, the future investment costs are likely to increase substantially. German public opinion is mixed. Chinese investors have once again stared at the German industry and made their first foray into the well-known German consumer brand Osram, which has made the German government's already nervous nerves more sensitive.

OSRAM has 18,000 lighting patents, including 1,700 OLEDs and 6,600 LED chip patents, which is very attractive to Chinese companies. The German government relied only on foreign economic law to refuse the Chinese to acquire Osram. The Berlin political community realized that it must act to promote legislation to limit Chinese investment from the EU level.

To this end, German Deputy Prime Minister and Minister of Economy Gabriel has written in the media, calling for legislation to establish industrial policy protection provisions, so as not to fall into the hands of foreign investors in important industries that are at stake in the European economic strategy.

However, the acquisition of Osram by Chinese companies may progress in the next few weeks, and neither the German government nor the EU can amend the law in a short period of time. However, China's large investment has attracted close attention from the German side, and will consider Chinese M&A cases on a case-by-case basis to ensure that important German technologies are not outflowing.

Chairman of the European Union Chamber of Commerce in China, Woodk, said that Europe welcomes fresh capital from China, but the two sides should have equal opportunities. The Chinese can enjoy all the buffets, while the Europeans only have four dishes to choose from. In 2015, China’s investment in Europe is in Europe. The investment is doubled, and China’s investment will continue to increase significantly in the future. The opening of Europe is in contrast to China’s restrictions.

According to a report by the German n-tv TV news website, Sanan Optoelectronics’ intention to acquire the German lighting company Osram has caused the German government’s uneasiness. A spokesperson for the Federal Ministry of Economic Affairs said that the acquisition was a corporate act, but the enthusiasm of Chinese companies for the acquisition of German companies was deeply worried.

Germany is in principle an open economy. Foreign companies are welcome to invest in Germany, but “we don’t enjoy the equal open conditions they enjoy in Germany, such as investment, so we must consider how to deal with this situation”.

Germany's "Securities Online" published a commentary saying that the German business community has different attitudes toward China's large-scale investment in mergers and acquisitions. Many business people are worried that German core technology will be outflowing, and some company shareholders are worried that the company's products may be sold at a "low price" in the future.

A spokesperson for the German Investors Association (DSW) called on people to watch China's investment mergers and acquisitions, and specific analysis of specific issues. The company must make a comprehensive assessment and analysis of its own situation and acquisition before making a decision. The DSW spokesperson also stressed that “many Chinese companies’ mergers and acquisitions are positive behaviors, and the so-called core technology loss problem has been exaggerated.”

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