HC Deb 08 December 1988 vol 143 c275W
Mr. Redmond

To ask the Secretary of State for the Environment if he will be seeking emergency legislation to stop foreign companies mounting take-over bids for British water companies; and if he will make a statement.

Mr. Moynihan

No, European Community law does not allow discrimination against investment by nationals of other community members. Competition and merger law applies to all takeovers where there is a threat to the public interest.