- Proposed new regulations to enable increased government intervention on national security grounds in acquisition by foreign companies
- The move comes as European concerns about foreign ownership in sensitive technologies increase
The UK government announced on 17 October that it plans to bring in changes over merger regulations regarding ownership of UK companies involved in a range of defence and security work.
The proposed changes will see the government given powers to intervene in mergers or acquisitions by foreign companies where a company has a UK turnover of GBP1 million (USD1.3 million), and will also remove the requirement for a merger to increase a business’ share of UK supply to more than 25%.
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