Juncker to lay out plans for screening foreign takeovers in EU
Jean-Claude Juncker, the president of the European Commission, will set out plans for for more thorough vetting of Chinese and other foreign on Wednesday.
- In his "State of the Union" speech to the European Parliament
So reports the Financial Times, citing "people briefed on the plans "
- assess whether takeovers in sensitive industries such as the energy and high tech sectors raise security concerns.
- planned "European enabling framework" for a takeover raising cross-border, or pan-EU concerns
- foreign takeovers of companies involved in sensitive EU-funded projects (eg. Galileo satellite-navigation system)
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