TheParliament.com - Press Review
"EU wants to protect European companies
The European commission could allow EU governments to use “golden shares” to prevent foreign governments from taking control of key industries, Handelsblatt reports.
EU trade commissioner Peter Mandelson said at the weekend that the blocking tactic could be used to protect “politically sensitive key industries”.
Although Brussels has traditionally opposed government interference on business investment, the rise of a new wave of wealthy sovereign investment funds controlled by countries like China, Russia and some Arab states has led to worries that they could buy companies in sectors such as defence or energy for political rather than economic reasons."
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