British lawmaker says UK must defend its companies against overseas takeovers - FT
Britain must defend its companies against overseas takeovers in the aftermath of the crisis caused by the coronavirus outbreak, a senior British lawmaker said, adding that China`s state-owned companies have drawn on state banks to outbid rivals.
"Increasingly, China`s state-owned enterprises have been able to draw on state banks to outbid rivals in Europe and America", Tom Tugendhat wrote in FT. Source: Reuters: Representational