Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-09-17-Speech-4-104"

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"en.20090917.3.4-104"2
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"Ladies and gentlemen, the proposal for a decision mentions that the Russian company Surgutneftgaz, whose ownership is unclear, recently acquired a major stake in the Hungarian oil company MOL. I would like to say something more about this. I personally submitted a written question to the Commissioner following this transaction. He stated in his reply that he considered legitimate our demand to provide stronger protection for European energy companies against external acquisitions lacking any transparency. This is good news. We must also add that the current regulations are unsuitable for achieving this objective. However, regulations on transparency can be easily circumvented. This is why we are asking the European Commission to abandon its convenient position of idle introspection. It should draw up, in cooperation with governments, the legal framework for providing effective protection against hostile takeovers. Mr President, the open market is a joint European achievement. Let us not make ourselves vulnerable precisely on this issue."@en1
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