UK, Sweden to stop foreign investors from buying coronavirus-ravaged companies

Posted by on June 9, 2020 11:14 am
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Categories: US National Stories

The United Kingdom and Sweden are proposing legislation that would prohibit “foreign investors,” a nod at China, from buying companies financially devastated by the coronavirus at rock-bottom prices, according to a report. British Prime Minister Boris Johnson is expected to announce tough laws that would require companies to report attempted takeovers that could lead to…