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Casework shows FSR isn’t protectionist, EU’s Guersent says

By Nicholas Hirst ( November 26, 2024, 16:05 GMT | Insight) -- Just under half of all companies needing EU approval for an acquisition due to the presence of foreign subsidies are from the bloc, which contradicts claims the tool is protectionist, according to top EU enforcer Olivier Guersent.The number of EU companies caught by the bloc’s new rules to scrutinize deals involving foreign subsidies is proof that the tool is not protectionist, according to the EU’s most senior competition official. ...

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