UK to Announce Laws to Prevent Foreign Takeovers Posing National Security Risk: Times

UK to Announce Laws to Prevent Foreign Takeovers Posing National Security Risk: Times
In this grab taken from video issued by Downing Street on Sunday, May 10, 2020, Britain's Prime Minister Boris Johnson delivers an address on lifting the country's lockdown amid the CCP virus pandemic. Downing Street via AP
Reuters
Updated:

British Prime Minister Boris Johnson is preparing to announce tough laws to prevent foreign takeovers that pose risks to national security amid growing concern about the influence of China, The Times newspaper reported.

The prime minister is said to be pressing for legislation to make it mandatory for companies to report attempted takeovers that could give rise to security risks, backed by the threat of criminal sanctions, according to the newspaper.