"The EU is the most open market in the world. But openness rhymes with fairness," the European Union executive's president, Ursula von der Leyen, said in a tweet, adding the aim of the proposed measures was to ensure a level playing field.
According to the proposals, a Commission investigation would be triggered if it identifies possible distortive foreign subsidies in takeovers of EU companies with a turnover of 500 million euros or more in the bloc or in procurement contracts from 250 million euros and above. The EU's antitrust chief, Margrethe Vestager, told a news conference that the rules would apply to all sectors and were based on the idea that "Europe is open for business" but inward investments must be fair and transparent.
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