Takeover of Active Family Businesses in Germany

Dear Member,

In the letter sent to our Chamber by TOBB, with reference to the letter of the Ministry of Trade dated 01.11.2022 and numbered E-86541099-724.01.01-00079588450, the letter referenced above conveys that in the Federal Republic of Germany, where more than half of the population is over 40 years of age, many profitable companies are unable to continue their commercial activities because there is no new generation or the new generation is not inclined to continue the family business, and that they will transfer a significant part of their commercial activities to other enterprises.

The letter further states that this situation holds an important opportunity for our Turkish companies exporting to Germany or seeking opportunities to enter the market, that detailed information on the companies planned to be transferred can be obtained from the “NEXXT-CHANGE” database run under the coordination of the Federal Ministry for Economic Affairs and Climate Action and the German Chamber of Industry and Commerce, and that the German Development Bank (KfW Bank) is also an important implementer of the project in order to meet financing needs for company takeovers and to carry out financial planning.

The list of companies whose transfer is on the agenda is attached.

Annex: Takeover of Active Family Businesses in Germany

Kind regards,

Elazığ Chamber of Commerce and Industry

 

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Date Added :2022-11-08 11:16:00