Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-04-Speech-3-114"
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"en.20010704.3.3-114"2
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".
The controversy surrounding the conciliation process for this proposal for a directive, clearly visible in the outcome of Parliament’s vote – it was rejected, since the vote was tied – demonstrated that two ideas with various practical differences were involved in the process of harmonising legislation on takeover bids.
Although some slight progress was made during the conciliation process on protecting shareholders who do not have control of the company and on adopting some regulations on making the information of workers mandatory, the situation still fails to safeguard all aspects of workers’ and minority shareholders’ ability to take action.
Lastly, although the position arising from conciliation might be of benefit to Portugal, given that Portuguese companies are a potential target and an easy one for cross-border takeovers, there are other, more appropriate ways of protecting national interests. Hence our abstention from voting."@en1
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