As Chinese regulators review global deals, Beijing is increasingly taking national interest and industrial policy into account rather than considering the deals strictly on antitrust grounds, a shift highlighted by the far-reaching conditions placed on Glencore’s $64bn takeover of Xstrata.
中國監管當局在審核國際并購交易時,已不再僅僅以反壟斷作為審核標準,而是越來越多把國家利益和產業政策納入考量范圍。這一轉變,從中國官方為嘉能可(Glencore)與斯特拉塔(Xstrata)合并案所設置的多項限制條件中可見一斑。這項并購交易金額高達640億美元。
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