Update: Market Chatter: Google to Reportedly Announce Biggest-Ever Investment Plan for Germany

MT Newswires Live
Nov 07

(Updates with response from the German Finance Ministry in the fourth paragraph.)

Alphabet's (GOOG, GOOGL) Google plans to announce its biggest-ever investment plan for Germany next week, Reuters reported Thursday, citing an invitation to the press.

Google officials will disclose the investment plans that include tech infrastructure and data centers powered by renewable energies at an event Tuesday alongside German Finance Minister Lars Klingbeil, Reuters reported.

Among locations cited for expansion were Munich, Frankfurt, and Berlin, the report said.

A German Finance Ministry spokesperson said in an email to MT Newswires that Klingbeil "will comment on the plans to the press next week." Google did not reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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