Foreign investment security

China has ‘zero chance’ of acquiring ‘vulnerable’ Europe tech firms as EU urges states to take stakes

Europe has long been an attractive place for Chinese firms looking to invest and acquire — and the recent bout of weakness in stocks, particularly in key tech firms, could further pique their interest. 

According to one analyst, some of Europe’s key tech firms are “vulnerable” given the market slump, but a top politician in the European Union has urged countries to take a stake in those companies to stop the Chinese takeovers.

The outbreak of the coronavirus in China, which has spread across the world, has led to a slump in share prices around the world. Some European tech firms that are part of industries seen as strategic, such as telecommunications or semiconductors, have taken a hit this year.