The Proposal contains (1) powers for the Commission to initiate ad hoc investigations of Foreign Subsidies granted to companies operating in the EU that may distort the EU internal market; (2) a preclosing notification requirement for merger-and-acquisition (M&A) deals with a significant EU nexus, which would operate in parallel to existing merger control and investment screening procedures; and (3) a notification requirement for bidders involved in high-value public procurement procedures.
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