Moving to Germany now. Germany will investigate whether to tighten the rules that govern when an investor needs to disclose holdings in a company. The move came after Chinese automaker Geely said it has acquired a 9.7 percent stake in German auto giant Daimler. Take a listen.
KERSTIN ANDREAE GERMAN POLITICIAN & MEMBER OF THE GREEN PARTY "The problem is that, in this combination, in this financing construct, a mix of shares, options, derivatives, it turned out that the acquisition was not reported at 3 or even 5 percent, but only actually when 10 percent had been acquired. And this is just not transparent and we don't want this lack of transparency so there has to be a legal readjustment."
Li Shufu, Geely's founder and main owner, said last Friday that he has built up a 9.7 percent stake in Daimler. That occurred without Li disclosing that he earlier had crossed regulatory thresholds of 3 and 5 percent. The move raised concerns that Geely is seeking access to Daimler's technical know-how. Analysts say any changes in disclosure policies will be made by the new German coalition government.