The Secretary of State has given the Competition and Markets Authority an intervention notice on public interest grounds in respect of the anticipated acquisition of Mettis Aerospace Limited by the company known as Aerostar and registered in the People’s Republic of China, either directly or through Ligeance Aerospace Technology Co. Ltd, a company registered in the People’s Republic of China and owned or controlled by Aerostar, or any other body corporate interconnected with Aerostar. This Order is made for the purpose of preventing action which might prejudice a reference of the matter to the Competition and Markets Authority under section 45 of the Enterprise Act 2002 (c. 41) or impede the taking of any action under Part 3 of that Act which may be justified by the Secretary of State’s decisions on the reference.
Link: The Public Interest Merger Reference (Mettis Aerospace Ltd.) (Pre-emptive Action) Order 2019
Source: Legislation .gov.uk
