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Written question asked by Julian Lewis (Conservative) on Monday, 2 September 2019, in the House of Commons. It was due for an answer on Thursday, 5 September 2019 (named day). It was answered by Anne-Marie Trevelyan (Conservative) on Thursday, 5 September 2019 on behalf of the Ministry of Defence.

Defence: Procurement

Question

To ask the Secretary of State for Defence, if he will hold discussions with the Secretary of State for Business, Energy and Industrial Strategy on calling-in the proposed takeover of Cobham plc to protect UK defence interests.

Answer

While the proposed transaction for Cobham plc by Advent International is primarily a commercial matter for the parties concerned, we are closely monitoring the situation.

Ministry Of Defence (MOD) officials have met both parties to understand their plans in relation to the proposed acquisition. Ministers can intervene in mergers on public interest grounds covering national security, financial stability or media plurality, with each merger considered on a case by case basis.

The MOD provides advice in this process to the relevant Secretary of State, who has a quasi-judicial role in deciding whether to intervene in mergers. The Secretary of State must consider only the evidence relevant to the public interest grounds raised. This also means that it is not appropriate for the Government to provide commentary on whether public interest concerns arise in relation to a merger ahead of any decision on whether to intervene.

Secondary information

Type
Written question
Reference
285054
Session
2017-19
Grouped for answer
Yes
Subjects
Defence Procurement Takeovers Cobham
Link
View this Written question on www.parliament.uk