End of the golden age
The European Court of Justice's ruling that golden shares are in breach of competition regulation looks set to end a system which has allowed EU governments to retain a controlling share in key privileged industries despite the investment of the private sector. Vincent Brophy reports,
On 13 May, and for the second time in less than a year, the European Court of Justice (ECJ) struck down golden share schemes put in place by European Union (EU) member states.
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