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Government responds to the proposed acquisition of Cobham plc by Advent International | |
admin | |
2019-09-18 | |
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 responds to the proposed acquisition of Cobham plc by Advent InternationalBusiness Secretary Andrea Leadsom responds to the proposed acquisition of UK defence company Cobham plc by Advent International. ![]() On 25 July 2019, Cobham, a UK defence company, announced that it had agreed an arrangement to be taken over by a subsidiary of Advent International, a US private equity firm, in a deal worth approximately £4 billion. Under the Enterprise Act 2002, the Secretary of State for Business, Energy and Industrial Strategy has the power to intervene in mergers on public interest grounds relating to national security. This responsibility is discharged in a quasi-judicial capacity, which means that the Secretary of State must act, and be seen to act, in a scrupulously fair and impartial manner. On 17 September 2019, acting on official advice, the Secretary of State issued a European intervention notice to intervene in the proposed sale on national security grounds. She has written to the Competition and Markets Authority (CMA) to inform them of her decision to intervene and instructed them to investigate. The CMA will now prepare a report on the national security aspects of the proposed transaction. This is a statutory process to ensure national security implications of a proposed sale are fully assessed. The CMA has until midnight at the end of 29 October 2019 to complete and submit this report to the Secretary of State. Business Secretary Andrea Leadsom said:
For more information about the intervention powers, see the guidance on mergers and on CMAs jurisdiction and procedure.
Published 18 September 2019
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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/216300 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | admin. Government responds to the proposed acquisition of Cobham plc by Advent International. 2019. |
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