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BERLIN (dpa-AFX) – SPD Federal Deputy Thomas Kutschaty speaks out in certain cases for state participation in companies in key industries. “I also think state participation is possible if the company needs it and decides to do so. The state would then buy shares in this company and become the owner. We know that from Volkswagen (Volkswagen (VW) vz) and from Salzgitter AG ( Salzgitter) in the steel sector. It’s being done very successfully there,” Kuchaty told the newspaper “Welt” (online/Monday).
“A state stake of up to 25 percent has a strong impact on other investors and at the same time has a stabilizing effect. It sends the signal that the state also believes in success,” said Kutschaty, the SPD’s top candidate in the state elections in North Rhine-Westphalia -Westphalia on May 15th.
It is “not about the state now becoming an entrepreneur in all areas,” but the state must take care of the key industries, the SPD politician explained. “Steel is such a key industry because we shouldn’t be dependent on steel imports. The recent supply shortages show how difficult it is when we are too dependent on foreign countries.” In the future, steel should not only be produced in China and India. Another key industry is “chemistry with its energy-intensive companies,” added Kuchaty./brd/DP/he
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