When min­is­ters HAVE stepped in on se­cu­rity

Daily Mail - - News - By City Cor­re­spon­dent

The Gov­ern­ment has in­ter­vened in 12 takeovers since the En­ter­prise Act was cre­ated in 2002, al­low­ing it to in­ter­vene. Here we look at the seven deals that had con­di­tions placed on them for na­tional se­cu­rity rea­sons: 2004: Alvis, the British maker of tanks agreed to be bought by US de­fence firm Gen­eral Dy­nam­ics for £30 mil­lion 2004: GKN sold its 50 per cent share in he­li­copter firm Agus­taWest­land to the Ital­ian com­pany Fin­mec­ca­nica, for £1bn

2005: Af­ter Italy’s Fin­mec­ca­nica bought parts of UK de­fence gi­ant BAE’s com­mu­ni­ca­tions and avion­ics busi­ness for £364mil­lion

2005: When US de­fence gi­ant Lock­heed Martin bought UK mil­i­tary com­mu­ni­ca­tion firm In­sys

2007: In a deal by US firm Gen­eral Elec­tric to pur­chase the UK’s Smiths Aero­space, which made parts for air­craft mak­ers and com­po­nents for en­gine builders, for £2.5bil­lion

2009: When At­las Elec­tronic UK, which makes sonar tech­nol­ogy, bought UK de­fence firm Qine­tiq’s un­der­wa­ter sys­tems di­vi­sion for £23.5mil­ion

2017: Af­ter Chi­nese firm Hytera bought Sepura, the UK firm that makes walkie talkies for the emer­gency ser­vices, for £74mil­lion

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