Security test for takeovers

Business

30 November 2020
 

The government could use new legislation to block foreign acquisitions of significant shareholdings in UK transport businesses on national security grounds.

The National Security and Investment Bill includes powers for the Government to scrutinise and intervene in deals that may pose a national security risk. 

All sectors of the economy are within scope of the powers but the Government says some sectors are more likely than others to require investigation, including: transport, energy,...

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