GKN: Melrose

Department for Business, Energy and Industrial Strategy written question – answered on 12th March 2018.

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Photo of Anna McMorrin Anna McMorrin Labour, Cardiff North

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effect of the bid to takeover GKN Filton by Melrose on skilled jobs provided by GKN Filton.

Photo of Andrew Griffiths Andrew Griffiths Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Government is closely monitoring the situation. Due to the nature of the bid the potential impact of any change in ownership of the company is unknown. If necessary, the Government can intervene in takeovers on public interest grounds, covering national security, financial stability or media plurality.

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