UK changes laws to protect key pandemic companies from foreign acquisition

category:Hot
 UK changes laws to protect key pandemic companies from foreign acquisition


At present, the UK government can only intervene if the turnover of the acquired business in the UK exceeds u00a3 1 million. In contrast, France, Germany, Italy and Spain have tighter controls on potential corporate acquisitions, while the UK legislation will be in line with the tighter countries.

In April, the European Union announced plans to help prevent foreign acquisitions of Companies in trouble due to the impact of the epidemic, with potential measures including government investment and equity in weak companies. European countries believe that the financial impact of the outbreak may mean that many enterprises are more likely to be acquired.