European Commissioner for Competition Margrethe Vestager warns member states that corporate takeovers by Chinese state-owned companies are at risk during the corona crisis. She says that in an interview with the Financial Times (FT).
According to Vestager, it is necessary to protect vulnerable companies against this, for example by taking a share in companies as a country. European regulations are being prepared for this.
Chinese competitors have long been interested in European companies. Current developments are shaking some companies, making it cheaper to acquire them.
Vestager emphasizes that acquisitions by foreign players are not necessarily negative. However, she believes that parties such as Chinese state-owned companies should not be given an unfair advantage over European players.
– .
