OPA

repsol petrochemical complex 1

Government to extend anti-takeover shield on strategic sectors for two years

The Cabinet is preparing to extend the anti-takeover shield that it put in place in 2020, at the height of the pandemic, to protect companies in key sectors from foreign bids, according to government sources. The measure, which gives the government the power to veto the entry of foreign capital into these sectors, was due to expire on 31 December this year and is being extended until 31 December 2024….