EC Examines Takeovers By State-Run Funds

Law360, New York (July 20, 2007, 12:00 AM EDT) -- Spurred by concern that state-run investment groups may be taking over companies for political reasons, the European Commission will take a closer look at national funds.

The Commission said on Thursday that it would study concerns that had been voiced about state-run funds that have bought out companies for political, rather than financial, reasons.

“We believe in the internal market, which is based on certain principles of freedom,” Commission spokesperson Oliver Drewes said at a daily briefing. “Allegedly, some third-country investors may not have that as...
To view the full article, register now.