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UK government extends powers to intervene in foreign takeovers

Rules now in force give ministers more scope to unpick acquisitions that could harm national security

Ministers have greater powers to block foreign takeovers of British firms after new rules came into effect on Tuesday giving them more scope to unpick deals that have the potential to harm national security.

The National Security and Investment Act, which enhances existing powers, is described by the government as the “biggest shake-up of the UK’s national security regime for 20 years”.

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