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Foreign Investment in UK: National Security

Asked by John GlenConservativeCabinet OfficeTabled Answered 6 November 2024UIN 12412

The question

To ask the Minister for the Cabinet Office, with reference to table 5 of the National Security and Investment Act 2021: Annual Report 2023-24, published on 10 September 2024, for what reason each of the withdrawals from a called in acquisition withdrew; and whether he plans to ask companies to withdraw rather than proceeding with formal intervention.

Answered by Ms Abena Oppong-Asare

There is no requirement for parties to inform the Government before they withdraw from acquisitions or to tell the Government the reasons behind the withdrawal.

Parties might withdraw from deals for a variety of reasons, including reasons unrelated to the National Security and Investment (NSI) Act.

All acquisitions are considered on a case-by-case basis.

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