Oral question asked in the House of Lords, by Lord Borrie (Labour). It was answered by Baroness Wilcox (Conservative) on Tuesday, 26 April 2011.
Finance: Hostile Takeover Bids
- Question
- To ask Her Majesty’s Government what is their policy towards hostile takeover bids by foreign interests of United Kingdom companies of national or strategic significance.
- Answer
-
My Lords, the United Kingdom has a tradition of welcoming long-term foreign investment that can bring in new technologies and skills. Ownership of companies is a commercial matter for the companies concerned. Where mergers may affect the public interest, powers exist to protect issues such as our national security.
Secondary information
- Type
- Oral question
- Reference
- 727 c15-6
- Session
- 2010-12
- Oral question type
- Lead
- Chamber / Committee
- House of Lords chamber
- Subjects
- Foreign companies Takeovers
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-04-11 22:29:25 +0100
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1609204
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