Little Green Footballs

Monday, March 06, 2006

For Sale: Everything

More UAE deals? You betcha! Perhaps it's time to make a list of major companies not in foreign hands. It may save time.

"The Bush administration said on Thursday it was investigating the national security implications of Dubai International Capital's £700m ($1.227bn) takeover of Doncasters Group, the UK engineering company, following an uproar in Congress over the acquisition of five container terminals and other port operations by a sister company, Dubai Ports World.

Robert Kimmitt, the deputy US Treasury secretary, told a Senate committee that Cfius, the agency that reviews foreign takeovers of US assets, was conducting a 45-day review of the deal because security concerns had not been resolved in a preliminary probe. Doncasters is a leading supplier to makers of aircraft and jet engines that operates US plants."

No comments: