REUTERS: The European Union's competition chief told the Financial Times that member countries should buy stakes in companies to counter the ...
REUTERS: The European Union's competition chief told the Financial Times that member countries should buy stakes in companies to counter the threat of Chinese takeovers, with her comments coming as the EU formulates plans to protect its businesses amid the coronavirus outbreak.
"We don't have any issues of states acting as market participants if need be, if they provide shares in a company, if they want to prevent a takeover of this kind," Margrethe Vestager said in an interview with FT."It's very important that one is aware that there is a real risk that businesses that are vulnerable can be the object of a takeover," she added."The situation now really underlines the need so we work really intensively.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU's Vestager says EU nations should buy stakes to block Chinese takeovers: FTThe European Union's competition chief told the Financial Times that member countries should buy stakes in companies to counter the threat of ...
Read more »
EU finance chiefs agree on 540-billion-euro virus rescue packageEUROPEAN Union (EU) finance ministers have agreed on a 540-billion-euro (S$835.3 billion) package of measures to combat the economic fallout of the global coronavirus pandemic. Read more at The Business Times.
Read more »
EU's Vestager says EU nations should buy stakes to block Chinese takeovers: FTThe European Union's competition chief told the Financial Times that member countries should buy stakes in companies to counter the threat of ...
Read more »
Taiwan says Chinese carrier group drills close to islandTAIPEI: A Chinese naval flotilla led by the country's first aircraft carrier passed by the eastern and southern coasts of Taiwan on Sunday (Apr ...
Read more »
US Navy destroyer transits Taiwan Strait on same day as Chinese drillsTAIPEI: A US Navy guided-missile destroyer sailed through the sensitive Taiwan Strait on Friday (Apr 10), the US and Taiwan militaries said, the ...
Read more »