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We're now hearing that the EU is looking to restrict some
Chinese backed mergers. What do we know.

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Yes this is a plan it would have to be signed off by EU
governments it's already faced pushback by Chinese business

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communities who have exposure to Europe but it also ties into a
greater push by European capitals the EU for protectionism quite

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frankly in the face of the supply chain disruptions that we saw
as a result of COBRA 19. It would look then this plan

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potentially to levy fines up to 10 percent of revenues on
companies that received subsidies and companies that try to

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purchase or do mergers in the EU that have state backing may be
blocked from doing so again. It would need to be signed off by

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EU governments. It has faced pushback from the Chinese business
community. It is something that many European companies though

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would like to see put in place.