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BT Group plc
Altice Europe N.V.: National Security and Investment Act 2021 - Update
On 26 May 2022, BT Group plc ("BT Group") announced that it had received notification from the Secretary of State for Business, Energy and Industrial Strategy that he had considered the increase by Altice Europe N.V. of its shareholding in BT Group from 12.1% to 18% and was exercising his call-in power under section 1 of the National Security and Investment Act 2021 (the "Act").
BT Group has now been notified by the Secretary of State that no further action is to be taken under the Act in relation to the increase by Altice Europe N.V. of its shareholding in BT Group from 12.1% to 18%.
https://www.business-live.co.uk/professional-services/pwc-handed-18m-fine-over-24697025