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Finland Steps Up Monitoring of Foreign Holdings, Ministry Says

April 12 (Bloomberg) -- Finnish legislations will make it easier to monitor and to limit foreign holdings in companies deemed crucial for national security, the Employment and Economy Ministry said.

The law will take effect on June 1 and foreign holdings exceeding 10 percent in defense industry companies or companies otherwise deemed essential to society will require approval from the authorities, the ministry said in a statement today.

To contact the reporter on this story: Kasper Viita in Helsinki at kviita1@bloomberg.net

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net

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