Chinese bid for Northern Aerospace derailed by security concerns

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Competition and Markets Authority fails to approve deal after intervention by ministers

UK private equity firm Better Capital’s sale of airplane parts firm Northern Aerospace to a Chinese buyer has fallen through after regulators did not issue approval following an investigation into national security concerns.

The UK Competition and Markets Authority (CMA) launched an inquiry last month into the £44m sale of the company to a unit of China’s Shaanxi Ligeance Mineral Resources Co, issuing a notice halting the disposal.

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Source: china
Link : Chinese bid for Northern Aerospace derailed by security concerns

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