The former Employers’ President, here in 2013, has always maintained good contacts with China.
(Photo: Marc-Steffen Unger for Handelsblatt)
Stuttgart, Berlin Former employer president Dieter Hundt is about to sell his family business Allgaier to a Chinese investor. According to information from the Handelsblatt, an investment review procedure is underway at the Federal Ministry of Economics and the Ministry of Defense. The attitude is reportedly not negative. The Chinese are said to have already invested in Germany.
The management made public last year that the automotive supplier and process technology manufacturer was for sale. At the works meeting at the end of last year, the management conceded that there was only one interested party left. Employee groups have now also confirmed that this is a Chinese company. Allgaier itself was not ready to comment, with reference to the ongoing investor process.
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