UK PM defends controversial defence firm sale

UK PM defends controversial defence firm sale
# 22 December 2019 00:31 (UTC +04:00)

Boris Johnson has defended the controversial £4bn takeover of UK defence and aerospace company Cobham by a US private equity firm, APA reports citing BBC.

The government approved the sale of Cobham to Advent International on Friday after the deal was delayed because of national security concerns.

Sir Ed Davey, acting leader of the Lib Dems, described the move as "deeply concerning".

But the PM said "a lot of checks" had been gone through to satisfy concerns.

Speaking on a trip to see British troops in Estonia, Mr Johnson said: "I think it's very important that we should have an open and dynamic market economy.

"A lot of checks have been gone through to make sure that in that particular case all the security issues that might be raised can be satisfied and the UK will continue to be a very, very creative and dynamic contributor to that section of industry and all others."

#
#

THE OPERATION IS BEING PERFORMED