‘Protect European companies from hostile European takeovers’ – EPP Group

The European Union should impose a temporary ban on Chinese takeovers of European companies made vulnerable by the COVID-19 crisis, says the EPP Group. The European Commission’s new White Paper on foreign takeovers is not enough – quick action is needed. While the crisis has caused European companies’ value to fall, they have valuable technology, infrastructure, expertise and jobs that must be defended and not lost to a foreign takeover.