Tuesday, July 24, 2007

Darling to Reject U.K. Company Protection From Foreign Government Funds

(Bloomberg) -- Chancellor of the Exchequer Alistair
Darling will say today that British companies will receive no
special protection against takeovers by foreign government-
controlled investment funds, restating the nation's commitment
to free trade.

Darling will underline Britain's position in a speech in
London later today. He will say that the government will
continue to welcome foreign investment and will call on other
countries to resist protectionism to ensure capital is allocated
efficiently.


Read more at Bloomberg Bonds News

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