GC
China lev loans face new hurdle from EU M&A rule
Loans bankers in Asia already bemoaning the reduced outbound M&A driven activity from China could be dealt a further blow after the European Union (EU) said it will start screening foreign direct investment (FDI) more closely. Pan Yue examines the impact this will have on Asia’s leveraged and acquisition financing market.
On Tuesday, the European Parliament, the European Council and the European Commission announced the setting up of a framework to scrutinise foreign investments for national security reasons. While their joint statement did not explicitly mention any countries, bankers and lawyers told GlobalCapital Asia that the rules are likely
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