Thursday 26 May 2022 @ 11:25
Department for Business, Energy & Industrial Strategy
Department for Business, Energy & Industrial Strategy
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BT acquisition called-in for national security assessment
The acquisition by Altice of 6% of shares in BT has been called-in for a full national security assessment.The acquisition by Altice of 6% of shares in BT has been called-in for a full national security assessment.
The acquisition by Altice of 6% of shares in BT has been called-in for a full national security assessment by Business Secretary Kwasi Kwarteng today (Thursday 26 May).
The government has powers under the National Security and Investment Act 2021 to scrutinise and – if necessary – intervene in qualifying acquisitions on national security grounds.
The government has 30 working days (extendable by up to a further 45 working days) to carry out that assessment. That process is underway.
Channel website: https://www.gov.uk/government/organisations/department-for-business-energy-and-industrial-strategy
Original article link: https://www.gov.uk/government/news/bt-acquisition-called-in-for-national-security-assessment
Original article link: https://www.gov.uk/government/news/bt-acquisition-called-in-for-national-security-assessment
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