DSW investments refer to the investments made by DSW, which is a German shareholder association representing private investors. DSW has been commenting on various major investments made by large German companies. For example, DSW expressed concerns over BASF’s huge investments in China, as well as Mercedes maker Daimler having a significant portion of its ownership fall into Chinese hands. Additionally, DSW commented on Volkswagen’s appointment of a dual CEO role. Overall, DSW represents investor interests by providing opinions on major German corporate investments and ownership structures.
BASF’s China investments cause controversy
BASF has made massive investments in China that are now being questioned. DSW President Ulrich Hocker sees risks in BASF’s China strategy, but says potential losses are manageable given BASF’s 60 billion euro capital base – possible total losses in China would be 10 billion. However, some suggest BASF should have a broader Asia footprint, with sites in places like Singapore instead of solely focused on China.
Chinese ownership in Daimler causes worry
DSW has expressed concern over Chinese companies like BAIC and Geely owning around 20% of Daimler. DSW’s Marc Tüngler says the Chinese partners could block strategic decisions at around 15% ownership. However, BAIC and Geely may limit ownership below 10% to avoid regulatory scrutiny.
Dual CEO role at Volkswagen questioned
DSW does not think it’s sensible for VW Group’s new CEO Oliver Blume to also continue leading Porsche. DSW governance expert Hendrik Schmidt believes it will be difficult for Blume to balance the interests of VW Group shareholders and take Porsche public. A dual CEO role can only temporarily work in emergency situations, says DSW’s Ulrich Hocker.
In summary, German shareholder association DSW has provided opinions on major investments by German companies like BASF, Daimler and Volkswagen Group. DSW often advocates for stronger overseas presence and partnerships, while expressing worries over high China exposure. DSW also questions governance moves like dual CEO roles.