German sovereign wealth rules "lean and liberal"

Germany's planned legislation to limit investment by sovereign wealth funds will allow foreign funds to buy banks, media companies and consumer industries, but not in the energy sector.

Senior German officials told the Financial Times that the legislation will be "a minimalist version" of the US's rules on foreign acquisitions, which are policed by the Committee on Foreign Investment in the US.

One senior official said: "We are aiming for as lean and liberal a system as possible. We think thi