'Handing control away': UK's sale of Cobham defence firm to US company decried
by Simon Murphy from on (#4WWT3)
Founding family criticises approval of 4bn deal despite national security concerns
The government has been accused of handing control away after it approved a US private equity firm's 4bn takeover of the UK defence company Cobham despite national security concerns.
The deal had been delayed since mid-2019 after fears were raised that Advent International's acquisition could undermine the country's security.
Continue reading...