EC to issue guidelines to prevent COVID-19 foreign takeovers
26 March 2020 - 12:00 am UTC
The European Commission (EC) will issue guidelines to help member states screen foreign direct investment (FDI) to prevent foreign entities from taking over European companies in certain key sectors, EC President Ursula von der Leyen announced today (25 March).
The EC will issue guidelines to help screen foreign direct investment and acquisitions of control or influence in sectors such as health, medical research and strategic infrastructure, she said in a video message posted on Twitter.
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