Britain will seek changes to the law to allow scrutiny of certain foreign takeovers to ensure they do not threaten the country's ability to tackle public health emergencies such as the coronavirus outbreak.
FILE PHOTO: Business Secretary Alok Sharma speaks during a daily briefing to update on the coronavirus disease outbreak, at 10 Downing Street in London, Britain June 9, 2020. Pippa Fowles/10 Downing Street/Handout via REUTERS
LONDON - Britain will seek changes to the law to allow scrutiny of certain foreign takeovers to ensure they do not threaten the country’s ability to tackle public health emergencies such as the coronavirus outbreak. The government on Sunday said it would introduce changes to the Enterprise Act on Monday to allow it to intervene if a business involved in a pandemic response became a target of a takeover.
“These powers will send an important signal to those seeking to take advantage of those struggling as a result of the pandemic that the UK government is prepared to act where necessary to protect our national security,” Business Secretary Alok Sharma said in a statement.
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