UK says Chinese buyers abandon purchase of Welsh graphene firm after security probe

1/6/2022 8:55:00 PM

UK says Chinese buyers abandon purchase of Welsh graphene firm after security probe

UK says Chinese buyers abandon purchase of Welsh graphene firm after security probe

LONDON : Chinese investors led by Shanghai Kington Technologies have abandoned an attempt to buy Welsh company Perpetuus Group, which specialises in graphene and nanomaterials, Britain's government said after launching a security probe.'The proposed acquisition has been abandoned,' British business minist

LONDON : Chinese investors led by Shanghai Kington Technologies have abandoned an attempt to buy Welsh company Perpetuus Group, which specialises in graphene and nanomaterials, Britain's government said after launching a security probe."The proposed acquisition has been abandoned," British business minister Kwasi Kwarteng said in a statement on Twitter about the deal.

"The UK Government monitors the market at all times to identify acquisitions of potential national security interest. We will intervene where necessary," he added.

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LinkedIn LONDON : Chinese investors led by Shanghai Kington Technologies have abandoned an attempt to buy Welsh company Perpetuus Group, which specialises in graphene and nanomaterials, Britain's government said after launching a security probe.LinkedIn Britain's competition watchdog said on Wednesday it had started investigating BT Group's deal to combine its sports broadcasting business with Warner Bros Discovery.LinkedIn Britain's competition watchdog said on Wednesday it had started investigating BT Group's deal to combine its sports broadcasting business with Warner Bros Discovery.Read full article 1 June 2022, 4:26 am · 2-min read “Generally, in times of uncertainty and volatility, there will be a flight to safety,” Singapore Economic Development Board Chairman Beh Swan Gin said.

"The proposed acquisition has been abandoned," British business minister Kwasi Kwarteng said in a statement on Twitter about the deal. "The UK Government monitors the market at all times to identify acquisitions of potential national security interest.S. We will intervene where necessary," he added. company will result in lesser competition in the UK. Source: Reuters . Source: Reuters.