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Advent wins EU approval for Cobham deal, still waiting for UK nod

Tue, 29th Oct 2019 12:17

LONDON, Oct 29 (Reuters) - U.S. private equity firm Advent
International said it had won approval from European Union, U.S.
and Finnish regulators for its $5 billion acquisition of British
defence company Cobham, as it continues to wait for U.K.
approval.

Britain has intervened in the deal on national security
grounds and its regulator, the Competition and Markets
Authority, is due to give the results of its investigation on
the matter to the business minister on Tuesday.

Advent said in a statement that it continued to work to win
government approval. Shareholders backed its takeover of the
air-to-air refuelling specialist in September.

"Advent continues to be positively engaged with the UK
Government to demonstrate its commitment to providing assurances
which reflect good custodianship of Cobham," the private equity
firm said.
(Reporting by Sarah Young; editing by Kate Holton)

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