{"id":682436,"date":"2026-03-17T20:27:04","date_gmt":"2026-03-17T20:27:04","guid":{"rendered":"https:\/\/microscopemedia.com\/?p=682436"},"modified":"2026-03-17T20:27:04","modified_gmt":"2026-03-17T20:27:04","slug":"ft-ue-se-gandeste-sa-restrictioneze-dreptul-statelor-nationale-sa-blocheze-fuziunile-astfel-incat-marile-companii-sa-poata-concura-cu-sua-si-china","status":"publish","type":"post","link":"https:\/\/microscopemedia.com\/?p=682436","title":{"rendered":"FT: UE se g\u00e2nde\u0219te s\u0103 restric\u021bioneze dreptul statelor na\u021bionale s\u0103 blocheze fuziunile, astfel \u00eenc\u00e2t marile companii s\u0103 poat\u0103 concura cu SUA \u0219i China"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/microscopemedia.com\/wp-content\/uploads\/2026\/03\/ft-ue-se-gandeste-sa-restrictioneze-dreptul-statelor-nationale-sa-blocheze-fuziunile-astfel-incat-marile-companii-sa-poata-concura-cu-sua-si-china.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"p-0\"><strong><span><a href=\"https:\/\/www.mediafax.ro\/stirile-zilei\/uniunea-europeana-respinge-reluarea-acordurilor-energetice-cu-rusia-in-ciuda-cresterii-preturilor-23704602\">UE inten\u021bioneaz\u0103<\/a> <\/span><\/strong>s\u0103 schimbe regulile care vizeaz\u0103 privind fuziunile astfel \u00eenc\u00e2t s\u0103 limiteze statele na\u021bionale dac\u0103 acestea vor s\u0103 blocheze prelu\u0103rile de corpora\u021bii. Mi\u0219carea de ultim moment a Bruxellesului \u00eencearc\u0103 de fapt s\u0103 ajute companiile europene s\u0103 se dezvolte la scara necesar\u0103 pentru a concura cu rivalii americani \u0219i chinezi.<\/p>\n<p id=\"p-1\">Modific\u0103rile propuse arat\u0103 \u201efrustrarea cresc\u00e2nd\u0103\u201d la Bruxelles fa\u021b\u0103 de interven\u021bia capitalelor Uniunii Europene \u00eentr-o serie de tranzac\u021bii corporative semnificative, adesea pentru a proteja campionii na\u021bionali \u00een detrimentul pie\u021bei unice.<\/p>\n<p id=\"p-2\">\u201eDe\u0219i o astfel de interven\u021bie este permis\u0103 \u00een temeiul tratatelor \u0219i al regulamentului privind fuziunile economice din motive precum securitatea na\u021bional\u0103, este posibil ca unele cazuri s\u0103 fi \u00eempiedicat \u00een mod inutil extinderea\u201d, se arat\u0103 \u00een documentul aflat \u00een dezbaterea Comisiei Europene \u0219i <span><strong><a href=\"https:\/\/www.ft.com\/content\/806cb656-c700-4c60-b26c-0c4480252b96?syn-25a6b1a6=1\">consultat de FT.<\/a><\/strong><\/span><\/p>\n<p id=\"p-3\">\u201eOrient\u0103rile revizuite ar putea clarifica circumstan\u021bele \u00een care astfel de interven\u021bii sunt justificate, cre\u00e2nd astfel o certitudine sporit\u0103 pentru \u00eentreprinderi\u201d, se precizeaz\u0103.<\/p>\n<h2 id=\"chapter-0\">Ce probleme au fost \u00een unele state pe mari fuziuni<\/h2>\n<p id=\"p-4\">Documentul urmeaz\u0103 s\u0103 fie discutat \u00een cadrul Comisiei miercuri, ca parte a unor modific\u0103ri mai ample a normelor privind fuziunile.<\/p>\n<p id=\"p-5\">Exist\u0103 mai multe cazuri recente care au alimentat aceste \u00eengrijor\u0103ri. Multe au fost \u00een zona bancar\u0103:<\/p>\n<ul>\n<li>Germania s-a opus prelu\u0103rii Commerzbank de c\u0103tre UniCredit din Italia<\/li>\n<li>Spania s-a opus fuziunii dintre BBVA \u0219i Banco Sabadell<\/li>\n<li>Italia \u0219i-a folosit a\u0219a-numitele \u201eputeri de aur\u201d \u00een cadrul ofertei publice de cump\u0103rare a Unicredit asupra rivalului s\u0103u, Banco BPM.<\/li>\n<\/ul>\n<p id=\"p-6\">Bruxellesul se teme c\u0103 astfel de interven\u021bii risc\u0103 s\u0103 fragmenteze pia\u021ba unic\u0103 \u0219i s\u0103 submineze eforturile de a construi companii paneuropene capabile s\u0103 concureze la nivel global.<\/p>\n<p id=\"p-7\">Schimbarea regulilor privind fuziunile \u00een cadrul blocului comunitar este foarte a\u0219teptat\u0103 de companii \u0219i investitori care vizeaz\u0103 poten\u021biale viitoare \u00eencerc\u0103ri de consolidare.<\/p>\n<p id=\"p-8\">Comisia European\u0103 insist\u0103 c\u0103 va continua s\u0103 se protejeze \u00eempotriva concentr\u0103rii excesive a pie\u021bei. Dar, conform documentului, \u00eencearc\u0103, de asemenea, s\u0103 \u00eencurajeze \u201eo extindere pro-competitiv\u0103 care s\u0103 consolideze competitivitatea global\u0103 a Europei\u201d.<\/p>\n<p id=\"p-9\">Comisarul pentru concuren\u021b\u0103, Teresa Ribera, a subliniat \u00een repetate r\u00e2nduri c\u0103 politica de fuziuni a UE nu poate rezolva singur\u0103 provoc\u0103rile legate de competitivitate ale Europei. Ea a subliniat necesitatea aprofund\u0103rii pie\u021bei unice, \u00een special \u00een sectoare ca telecomunica\u021biile.<\/p>\n<p id=\"p-10\">Liderii <span><strong>europeni vor avea discu\u021bii pe acest subiect \u00een cadrul summitului de joi la Bruxelles<\/strong><\/span>.<\/p>\n<p id=\"p-11\">\u00cen scrisoarea sa adresat\u0103 \u0219efilor de stat \u0219i de guvern, \u0219efa Comisiei, Ursula von der Leyen, a anun\u021bat c\u0103 regulile actualizate vor \u201esprijini fuziunile care construiesc o scar\u0103 procompetitiv\u0103, \u00eencurajeaz\u0103 integrarea pie\u021bei unice \u0219i promoveaz\u0103 actorii paneuropeni\u201d.<\/p>\n<p id=\"p-12\">Ea a ad\u0103ugat c\u0103 tranzac\u021biile vor continua s\u0103 fie examinate cu aten\u021bie pentru a evita crearea de \u201emonopoluri sau oligopoluri pentru a asigura accesibilitatea pentru companiile \u0219i cet\u0103\u021benii UE\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UE inten\u021bioneaz\u0103 s\u0103 schimbe regulile care vizeaz\u0103 privind fuziunile astfel \u00eenc\u00e2t s\u0103 limiteze statele na\u021bionale dac\u0103 acestea vor s\u0103 blocheze prelu\u0103rile de corpora\u021bii. Mi\u0219carea de ultim moment a Bruxellesului \u00eencearc\u0103 &hellip; <a href=\"https:\/\/microscopemedia.com\/?p=682436\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":682437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts\/682436"}],"collection":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=682436"}],"version-history":[{"count":0,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts\/682436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/media\/682437"}],"wp:attachment":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=682436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=682436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=682436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}