Japan has overtaken China – at least where stakes purchased in German companies are concerned. According to the mergers and acquisitions consultancy firm Oaklins, Japanese investors procured 18 interests in German companies in the first half of 2019, compared with 10 in the same period in 2018.
The numbers concerning Chinese acquisitions were almost exactly the reverse, with Chinese investors acquiring 11 stakes in German companies in the first six months of this year and 18 the previous year.
Japanese investors were interested in a variety of sectors. Softbank, for instance, bought a stake not only in German payment service Wirecard but also in the tourist service provider GetYourGuide.
Manufacturing was also popular with Japanese companies snapping up interests in German automotive, ceramics, motor and aluminum firms.