EU Drafting Rules to Protect Technology From Foreign Takeovers

European Union regulators are drafting rules to protect European firms with “key technologies” from foreign takeovers, EU Competition Commissioner Margrethe Vestager said.

“We’ve heard concerns about foreign -- often state-owned -- investors taking over European companies that control key technologies," she said in a speech at the Ambrosetti Forum in Cernobbio, Italy. “This issue isn’t simple. It needs careful consideration before we decide how to act. We’re working on this issue now, and we plan to put forward concrete proposals in the autumn.”