Screening of foreign investments to be reformed

As is the case currently, the act would apply to corporate acquisitions related to the defence industry, companies producing products or services critical to the authorities, or other entities critical to securing functions vital to society. Screening would be expanded to so-called greenfield projects, i.e. foreign investments generating new business. In these projects, no corporate acquisition would be required for the act to apply. Foreign investments creating new business that would be screened under the new act include port and aerodrome infrastructure, strategic raw materials, large energy projects and data centres of at least 100 megawatts. In addition, the act would cover certain security-critical data centres and all data centres utilising artificial intelligence or quantum technology regardless of their capacity. “The world has changed considerably since this legislation was last reviewed in 2020. The new act would give us better tools to intervene in corporate acquisitions and projects that are important for Finland’s security. The wider scope of the act would help safeguard Finland’s interests and ensure that our country remains a reliable destination for investments ...