The government has signed off a £4bn takeover of UK defence company Cobham by US private equity firm Advent International.
A merger between the companies was agreed to in July, but the acquisition was delayed on the orders of Business Secretary Andrea Leadsom so that the government could addressAdvent is said to have proposed a number of legal undertakings aimed at mitigating any potential national security worries. They include the ongoing protection of sensitive government information and requiring prior notice to the Ministry of Defence and Home Office on any future plans to sell the Cobham business.Mrs Leadsom, who led the government consultation process, said she was confident that the merger would not compromise national security, adding the decision had been"meticulously thought over".
"While trade and investment play an important part in the UK economy, when intervening in mergers on national security grounds, I will not hesitate to use my powers to protect national security, if it is appropriate to do so.
are you SKYNews or any of our pathetic pretend media ever going to mention the European / UK Defence Union? you'll have to one day... when the public finds out 🤔
don't want to say 'I told you so' but there, it just slipped out ComplicitMediaDickheads
Taking back control by selling a British Defence firm to an American hedge fund, I love it. Well done Tory voters.
There's the first payback for American help. Boris is not doing anything you support, he is a liar.
Aye well there you go no surprise there, so much for taking back control. What will happen when we have nothing left to give.
On the one hand there's national security but on the other there's massive profits and kick backs 🤷♂️ well done Tory voters
And you wonder why they had to take Jeremy Corbyn down.
The sale has started.
Taking back control, and swiftly handing it over to foreigners. So much winning...
Dreadful, more stuff sold off- to the yanks no less
TaKe BaCk ConTroL 🇬🇧🇬🇧🇬🇧
Vassal state: Chapter I.
Ah ha, this is the flood of investment waiting to come into the country now Brexit is Done, what a con!
Im surprised this was allowed to go through, all UK knows is selling family silver
A private company merging with another private company has been translated on Twitter into a mass sell off of UK assets...apparently 🤨
On Friday night!
Great Tory strategy- sell off all industries upon which we need to rely for the safety, security and well-being of the public at large. With Russian oligarch backers it wouldn't be wrong to say the Tory party+govt are a real+active threat to the safety + health of this nation.
taking back control of who we can sell everything off to
Strange time to announce its decision - another slippery move to get it lost in the Christmas hiatus!
call me petty but andrealeadsom should of ensured there were NO security issues. being confident is not good enough ResignLeadom
Can't see problem; no complaints when they flogged UK steelworks to China (in preference to Putin friendly Turkish army). But why are ERG/Spartans sitting on Mrs May's Huawei5g+ deal that's critical to the functionality of BorisJohnson 's WA by enabling 'borders' in cyberspace?
What about the Russian interference report ?
Taking back control? Unleashing our potential?
All those poor little Englanders celebrating brexitdeal have just been shafted on the cobbles 😂 So much for taking back control 🥶 COBHAM NeverTrustATory Brexit
You clowns voted for it. You actually had folk voting for Tories to fix nine years of the tories! 🤪 A man who ducked interview after interview, was racist and lied (possibly even to the Queen) with almost every utterance out his mouth. This is only the beginning...
I see the Trolls are out, so an American company has bought Cobham, a the German company H&k makes the Army's rifle, an American company makes the F-35 chinook and Apache helicopters, the faux outrage is amusing, but stupid.
Horrific news Conservatives what are you playing at? We cannot simply sell off everything we own? Industry is the staple of an economy. You will lose tax revenues and investment for what? Idiocy
The Tories selling to the nearest American company already, did not see that coming 😂😂
This is Britain bending over and taking it up the arse for an American trump deal. This is only the beggining the UK is fucked no doubt about it we couldn't negotiate a piss up in a brewery and I have zero sympathy clearly the UK has taken itself for granted what a sorry state
its started the tory government has started to sell off british companys next the NHS for a US trade deal ......!
And you dickheads at Sky had the cheek to say that jeremycorbyn was a danger to national security. Where is your criticism of BorisJohnson making the UK a vassal state of the US? BorisTheLiar
Loathsome Leadsome, so pernicious, so mendacious, so toxic and so disliked, she was hidden away during campaign. Now like some blood sucking vampire she rises at 10pm to further drain the life blood from British industry. But this is thepeoplesgovernment. 10 more years😱
Here we go the first sell of to the USA how many more boris
This is very unwise , especially when there is 100% likely American will have a president like trump again with his tantrums and indecisive decisions. The former Uk ambassador to the USA treatment should be an example
The UK asset stripping has started. captipping voters must be proud of their elected representatives. Does not bode well for the next 5 years. Who are the traitors now.
Just look at us taking back control.
Press release. 10pm. Good night to bury bad news. Happy Christmas people!
Yay...😑 the Americans are getting a foothold on our military, next step our NHS 😑 we are screwed
In order to have a ‘defence’ - I love that misleading word industry you have to have wars - so -
boris REAL HUMANS NOT FAKE SMILE fools world humans ,new law do not help children he tells uk soldiers in war zone race hate, help to kill this girl by lies and 14m rule 66m by 22lies no workers rights now humans rights HE FOOL YOU
And I'm supposed to feel guilty about climate change
The problem with capitalism is...
Wow so it starts.
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