Apr. 16 at 5:59 PM
EU is planning the biggest relaxation of its rules on corporate mergers in decades as Europe faces increasing pressure to build global champions capable of taking on US & China rivals
The European Commission will give greater weight to “innovation, investment & resilience of the internal market”, when deciding whether to sign off on deals
\The draft guidelines maintain the core objective of preserving effective competition. But they note that “the growth & scaling-up of firms . . . so as to reach the necessary size to compete globally, can be pro-competitive”, arguing this can have a “positive impact” on the EU
Noting a changed geopolitical context, the document argues the economy has also “shifted towards more innovation-heavy sectors where both scale and innovation are critical to compete”
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