GKN: Melrose

(asked on 29th January 2018) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the potential effect on (a) jobs, (b) operations and (c) the wider economy of Melrose's proposed takeover of GKN.


Answered by
Andrew Griffiths Portrait
Andrew Griffiths
This question was answered on 5th February 2018

This is a commercial matter for the companies involved, however the Government is closely monitoring the situation. If necessary, the Government can intervene in takeovers on public interest grounds, covering national security, financial stability or media plurality.

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