EU concerned over foreign companies over pandemic

US, WASHINGTON (ORDO NEWS) — The EU must protect its strategic companies from establishing foreign control over them during a recession due to the spread of a new type of coronavirus.

This is stated in a letter signed by the heads of state and government of nine European countries and sent on Wednesday to the head of the European Council, Charles Michel, which was distributed on Wednesday by the press service of the Spanish government.

“We also need to make sure that the main production ties can fully function within the EU and that no strategic assets will become victims of hostile takeovers at this stage of economic difficulties,” the message says.

The President of France, as well as the Prime Ministers of Belgium, Greece, Italy, Ireland, Spain, Luxembourg, Portugal, Slovenia, signed it.

Online:

Our Standards, Terms of Use: Standard Terms And Conditions.

Contact us: [email protected]

The article is written and prepared by our foreign editors from different countries around the world — material edited and published by Ordo News staff in our U.S. newsroom press.