German Companies to Build Raw Materials Reserve, Spiegel Says
BASF SE (BAS), Daimler AG (DAI), Evonik Industries AG and ThyssenKrupp AG (TKA) are part of a group of companies that support building the reserve, the magazine said. Each will contribute a six-digit euro amount.
Merkel has traveled to countries rich in raw materials, including Mongolia, Angola and Nigeria, to scout out potential sources, Der Spiegel said.
To contact the reporter on this story: Allison Connolly in Frankfurt at email@example.com.
To contact the editor responsible for this story: Phil Serafino at firstname.lastname@example.org.
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.