VW may lose its immunity from hostile takeover.
The move risks a clash with German Chancellor Gerhard Schroeder, who has defended the VW law which could give the state of Lower Saxony, where Mr Schroeder used to be prime minister, a blocking minority by capping shareholder voting rights at 20 per cent.
'The Commission is concerned that certain provisions of that law could act as a disincentive on investment from other member states in violation of EC treaty rules on the free movement of capital and the right of establishment,' the Commission said.
|Printer friendly Cite/link Email Feedback|
|Publication:||The Birmingham Post (England)|
|Date:||Mar 20, 2003|
|Previous Article:||Green poised to bag Safeway.|
|Next Article:||Duration of Iraq war will influence volatile oil prices.|