July 11 2022
The British government has approved the sale of Ultra Electronics to American private equity firm Advent International, reports Defense News.
The 2.6 billion pound (US$3.1 billion) acquisition was approved after Advent agreed to a list of conditions, including the creation of two separate legal entities encompassing Ultra facilities in the U.K. that deliver sensitive equipment to the British government, and the appointment of non-executive directors in the new entities to protect...
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