Aerospace merger flies again after being grounded by competition fears
The on-off purchase of Northern Aerospace by Derby-based Gardner Aerospace is expected to be completed within the next 24 hours after the deal was cleared by competition authorities last week.
The £44m acquisition had been held up after the Business Secretary Greg Clark asked the Competition and Markets Authority to investigate whether it would reduce competition and have an impact on national security.
Gardner is owned by Chinese aerospace and mining business Shaanxi Ligeance Mineral Resources.
The investigation blocked the... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
