Germany Imposes Conditions on Energy Fuels' $1.9 Billion Vacuumschmelze Deal
Updated
Updated · Bloomberg · Jul 26
Germany Imposes Conditions on Energy Fuels' $1.9 Billion Vacuumschmelze Deal
2 articles · Updated · Bloomberg · Jul 26
Summary
$1.9 billion is at stake as Germany prepares to attach conditions to Energy Fuels' planned takeover of Vacuumschmelze, a Frankfurt-area magnet maker, according to people familiar with the review.
The restrictions are expected to emerge from Berlin's investment-screening probe into the US miner's bid for the company.
That scrutiny could complicate US efforts to build non-Chinese supply chains for critical magnets and rare-earth materials.
It also risks adding strain to Washington-Berlin ties by placing limits on a high-profile US acquisition in a strategic industrial sector.