Berlin has banned the sale of MAN Energy Solutions’ gas turbine business to a Chinese shipbuilding business.
The sale to state-run CSIC Longjiang Guanghan Gas Turbine, announced on June 20, has spurred the German government to use the Foreign Trade and Payments Act whereby it can prohibit sales to non-EU countries.
MAN has yet to comment publicly on the sale falling through with local media suggesting the government in Berlin is concerned about how the turbines could be used for military purposes.
The news…
