The German government is supporting the continuation of its “golden share law,” setting the stage for a legal showdown with the European Commission. The EC wants the law, which allows companies to issue special shares to be sold to German governments in an effort to protect companies from possible takeover attempts, revoked. The EC is concentrating its battle over Volkswagen AG’s golden shares owned by the government of Lower Saxony. The region owns 21% equity but controls 51% of the ...

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