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Written question asked by Seema Malhotra (Labour) on Friday, 15 October 2021, in the House of Commons. It was due for an answer on Wednesday, 20 October 2021 (named day). It was answered by Paul Scully (Conservative) on Wednesday, 20 October 2021 on behalf of the Department for Business, Energy and Industrial Strategy.

Morrisons: Takeovers

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, what role the Government had in the CD&R takeover of Morrisons.

Answer

Under the Enterprise Act 2002, the Government has the power to intervene in mergers on public interest grounds covering national security, media plurality, the stability of the UK financial system and the need to maintain in the UK the capability to combat, and to mitigate the effects of, public health emergencies.

My Rt. Hon. Friend the Secretary of State had a constructive call with the Chief Executive of WM Morrisons and they discussed the company’s plans to protect jobs, pensions and footprint in the UK in any potential acquisition. However, the details of the proposed acquisition are primarily a commercial matter for the parties concerned.

Secondary information

Type
Written question
Reference
56505
Session
2021-22
Subjects
Takeovers Morrisons Clayton Dubilier and Rice
Link
View this Written question on www.parliament.uk