The long list of European firms being taken over by Chinese investors is growing all the time — Volvo, Putzmeister, KraussMaffei and now maybe the kitchen-equipment specialist WMF. Companies from China are on a shopping spree of well-known European brands, and traditional German firms are especially popular.
Financial considerations scarcely play a role, as demonstrated by €43 billion recently offered by the state-owned conglomerate Chemchina for Swiss agrochemical giant Syngenta.
China is flush with money. After years of a flourishing economy, buyers are sitting on heaps of cash and, if necessary, the government in Beijing is always willing to add to the war chest.
In 2015, about €20 billion flowed into Europe for participations or complete takeovers. The buying frenzy will likely continue in 2016.