Published 2 years ago

EXCLUSIVE EU nod expected for restrictions on takeovers by state-backed foreign firms

Summary by Ground News

EU states and lawmakers agreed to rules to put a brake on state-backed foreign firms acquiring EU companies with annual turnover of 500 million euros ($520 million) The European Commission presented proposals for the new takeover rules last year. The takeover rules will apply to companies getting more than 50 million euros in subsidies.

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Reuters

EXCLUSIVE EU nod expected for restrictions on takeovers by state-backed foreign firms

Proposed rules to put a brake on state-backed foreign firms acquiring European Union companies with annual turnover of 500 million euros ($520 million) or more are likely to win the backing EU states and lawmakers, a source said on Thursday.

2 years ago·United Kingdom

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Channel News Asia

EU agrees to curb takeovers by state-backed foreign firms

BRUSSELS :EU states and lawmakers on Thursday agreed to rules to put a brake on state-backed foreign firms acquiring EU companies with annual turnover of 500 million euros ($520 million), underlining a more protectionist approach against a possible Chinese buying spree.The European Commission presented propos

2 years ago·Singapore

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