Foreign Companies: Takeovers
(asked on 17th February 2017) - 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 steps he is taking to prevent hostile foreign takeovers of UK firms.
This question was answered on 22nd February 2017
The Government’s statutory powers to intervene in mergers are set out in the Enterprise Act 2002. My rt. hon. Friend the Secretary of State may intervene on specified public interest grounds, currently national security, financial stability and media plurality.