GKN: Melrose
(asked on 6th March 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 he has made of the potential effect of the bid to takeover GKN Filton by Melrose on skilled jobs provided by GKN Filton.
This question was answered on 12th March 2018
The Government is closely monitoring the situation. Due to the nature of the bid the potential impact of any change in ownership of the company is unknown. If necessary, the Government can intervene in takeovers on public interest grounds, covering national security, financial stability or media plurality.