Written questions, answers and statements

Foreign Companies: Takeovers

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Question for Department for Business, Energy and Industrial Strategy

UIN 64188, tabled on 17 February 2017

Question

Charlotte Leslie
Conservative
Bristol North West
Commons

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.

Answer

Mr Nick Hurd
Conservative
Ruislip, Northwood and Pinner
Commons

Answered on

22 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.

Answered by

Department for Business, Energy and Industrial Strategy