Brussels is seeking new powers to review and potentially block takeovers of European companies by rivals deemed to have received unfair support from a foreign government, according to plans seen by the Financial Times.
The proposals, which have not yet been finalised, will intensify efforts by the EU to rein in perceived unfair competition from China and elsewhere.
The European Commission is working on a white paper due for release this month that will propose new tools to scrutinise the activities of state-owned and supported enterprises operating in Europe or seeking to enter the single market.
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