Wednesday, 10 October 2007

Canada rethinks foreign takeovers

I saw this article on the BBC website today. The Canadian government is to subject foreign takeovers of domestic companies to a "national security test" to protect Canada's national interest. A rash of recent takeovers - to get hold of Canada's natural resources - and concerns over the potential for market distortion by state-owned foreign enterprises were behind the move.

As Canada's Industry Minister said - Canada is open for business but it is not for sale. British government please take note.

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