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Government could block sensitive takeovers

Members may be aware that the government is taking new powers to scrutinise, to impose conditions and to block planned takeovers of UK companies where there may be a national security interest.  It is doing so through the National Security & Investment Act 2021, which takes full effect from January 4th, 2022.

The Act requires that sensitive acquisitions be approved by the government before they are completed and has been controversial in terms of the time that may require and uncertainties it might introduce.  The Act covers a range of engineering and machinery applications, including some with advanced materials.  A guide to the NSI Act is available here, which we recommend to firms that believe they could at some point be affected by the Act:  https://www.gov.uk/government/collections/national-security-and-investme...

We would welcome feedback, in confidence, from members who believe they could be affected by the Act