Global S&T Development Trend Analysis Platform of Resources and Environment
Government update on the proposed acquisition of Cobham PLC by Advent International | |
admin | |
2019-12-20 | |
发布年 | 2019 |
语种 | 英语 |
国家 | 英国 |
领域 | 气候变化 |
正文(英文) | News story Government update on the proposed acquisition of Cobham PLC by Advent InternationalBusiness Secretary Andrea Leadsom updates on the proposed acquisition of UK defence company Cobham PLC by Advent International. On 19 November 2019, the Business Secretary Andrea Leadsom announced that she was consulting on steps to address the national security concerns raised by the proposed acquisition of Cobham, a UK defence company, by Advent International, a US private equity firm. This government consultation on the undertakings offered by the companies to address the concerns identified ran until 17 December 2019. After meetings with the parties, advice from the Defence Secretary and carefully considering the consultation responses, Ms Leadsom has made the decision that the undertakings offered by the parties mitigate the national security risks identified to an acceptable level. She has therefore accepted the undertakings that were consulted on, rather than referring to the Competition and Markets Authority for a Phase 2 investigation and cleared the merger to proceed. Under the Enterprise Act 2002, the Business Secretary has the power to intervene over any future sale of Cobham that raises national security concerns. Business Secretary Andrea Leadsom said:
The undertakings to mitigate the national security concerns, which came into force today, are:
In agreement with the parties, a number of non-material amendments to the undertakings were made. Separate to the public interest intervention and the mitigation of national security concerns, the discussions about the economic implications with the parties have concluded. The parties have made post-offer undertakings to the Takeover Panel to:
The UK greatly benefits from foreign direct investment (FDI) being the top destination in Europe for inward investment. The UK’s merger regime is an important part of this and is characterised by transparent rules and administered consistently by independent institutions. Each merger is judged on a case by case basis on whether it raises national security concerns, irrespective of the country acquiring or investing in a transaction in the UK. Read the decision notice.
Published 20 December 2019
|
URL | 查看原文 |
来源平台 | GOV.UK - Department for Business, Energy & Industrial Strategy |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/216231 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | admin. Government update on the proposed acquisition of Cobham PLC by Advent International. 2019. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
查看访问统计 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[admin]的文章 |
百度学术 |
百度学术中相似的文章 |
[admin]的文章 |
必应学术 |
必应学术中相似的文章 |
[admin]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论