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Britain gives Advent’s US$5b Cobham takeover the green light | Malay Mail

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LONDON, Dec 21 — Britain has approved Advent International’s US$5 billion (RM20.7 billion) purchase of defence company Cobham after the US private equity group made commitments to address national security concerns. Business minister Andrea Leadsom had put the deal on hold to review the sale of...

File picture of UK business minister Andrea Leadsom. — Reuters pic

Business minister Andrea Leadsom had put the deal on hold to review the sale of air-to-air refuelling equipment maker Cobham, which employs 10,000 people and also makes communications equipment for military vehicles. Advent will have to give prior notice to Britain’s defence ministry if it plans to sell all or part of Cobham’s business, and honour existing contracts with the government.

 

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