Decision

Proposed acquisition of Mettis Aerospace by Aerostar: decision notice

Decision relating to the proposed acquisition of Mettis Aerospace by Aerostar.

From:
Department for Energy Security and Net Zero and Department for Business, Energy & Industrial Strategy
Published
26 February 2020

Documents

Proposed acquisition of Mettis Aerospace by Aerostar: decision notice

PDF, 109 KB, 1 page

Proposed acquisition of Mettis Aerospace Limited by Aerostar: CMA report

PDF, 611 KB, 11 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email alt.formats@beis.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

On 20 December 2019, the then Secretary of State for Business, Energy and Industrial Strategy issued a public interest intervention notice in relation to the proposed acquisition of Mettis Aerospace by Aerostar.

The Competition and Markets Authority (CMA) was asked to prepare a report on the jurisdictional, competition and national security aspects of the proposed transaction. They confirm that the parties no longer intend to pursue the proposed acquisition. They have provided the CMA with written evidence and assurances to support this conclusion.

As such, the Secretary of State has today ended the intervention and, as a result, lifted an order which prevented the completion of the transaction and the transfer of material or information between the parties.

See the related news story.

Published 26 February 2020