Saturday, July 21, 2007

Mandelson mulls EU golden share against takeovers

(Reuters) - The EU should consider creating a 'golden share' system to protect strategic sectors from takeover by foreign state-controlled investment funds, Trade Commissioner Peter Mandelson was quoted as saying in a Saturday newspaper.

In an interview with Italy's Il Sole 24 Ore, the European Union's top trade official said the EU had to strike a balance between maintaining free movement of capital and protecting itself from wealthy so-called sovereign funds.


Read more at Reuters Africa

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