EU Needs Watchdog to Study Foreign Takeovers, Handelsblatt Says
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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.