Deals
Merkel Urges Europe Mergers to Develop ‘Global Players’ in Tech
- German leader disagrees with EU over competition framework
- ‘We will have mergers’ in tech industry, Merkel says in Trier
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Chancellor Angela Merkel called for an acceleration in corporate mergers in Europe to help the continent better compete with Asia and the U.S. in areas including chip production, artificial intelligence and battery technology.
“I think that we will have mergers,” Merkel said at a meeting with voters in the western Germany city of Trier on Monday, calling on the European Union to take a broader view toward industry consolidation. “If we want to keep up, we’ll have to be able to develop ‘global players’.”