Future Of British Business
UK Security Probe Asks for More Details on Drahi’s BT Stake
- Probe into Nexperia’s Newport Wafer Fab deal also delayed
- National security law for UK deals came into effect in January
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The UK has stopped the clock in a probe to request more information about French billionaire Patrick Drahi’s stake-building at BT Group Plc, under a new law which could let officials impose conditions or even block the tycoon.
The government, which had initially set a deadline of last week for the investigation, has requested more information about the BT deal, according to people with knowledge of the process, who asked not to be identified because it’s confidential. The precise reasons and length of time required for the information notice couldn’t be immediately discovered.