EU Needs Watchdog to Study Foreign Takeovers, Handelsblat says - by A.Cremer

The European Union may need to set up a watchdog to study foreign takeover bids to help protect its industrial companies against acquisitions, Handelsblatt reported, citing European Industry Commissioner Antonio Tajani.

"Chinese companies are acquiring a growing number of European businesses “with key technologies in important areas,” Tajani told the newspaper in an interview published today. This implies “a political strategy that Europe must respond to politically,” Tajani was quoted as saying. 

“It’s my proposal to examine closely how the Committee of Foreign Investments in the U.S. does its work,” Tajani told Handelsblatt. “We have to protect our knowledge.”


Note EU-Digest: This is absolutely necessary . We must not sell any country, including the China, the rope that will eventually hang us.


For more: EU Needs Watchdog to Study Foreign Takeovers, Handelsblatt Says - Bloomberg