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Written question asked by Lord Beamish (Labour) on Thursday, 9 September 2021, in the House of Commons. It was due for an answer on Tuesday, 14 September 2021 (named day). It was answered by Paul Scully (Conservative) on Tuesday, 14 September 2021 on behalf of the Department for Business, Energy and Industrial Strategy.


Cobham: Sales

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of the compatibility of the sale of over half of the value of Cobham by the US private equity firm, Advent, and the agreement between the Government and Advent.

Answer

The Government has worked with Advent to monitor compliance with the undertakings given at the time of their acquisition of Cobham, including commitments to give advanced notice of plans to sell parts of the business.


Secondary information

Type
Written question
Reference
45807
Session
2021-22
Subjects
Sales Cobham Advent International
Link
View this Written question on www.parliament.uk