EU imposes tougher checks on foreign takeovers

Pedro Gonçalves
clock • 1 min read

The EU Commission is set to carry out tougher checks on foreign subsidies to protect European companies from unfair competition and foreign takeovers. As part of that strategy, a EU investment agency could stop foreign investors from taking over strategically important European tech firms through the use of so-called 'golden shares'. The move comes as the EU is seeking "strategic autonomy" from China and the US, while defending its own economic interests. Jean-David Malo, director of the European Innovation Council, said his agency when co-funding European tech firms  "will have th...

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