HC Deb 09 November 1970 vol 806 cc16-7W
Mr. Hugh Jenkins

asked the Secretary of State for Trade and Industry how many British companies were acquired by American interests during the last financial year; and whether the rate of such acquisition is faster or slower in European Economic Community countries, from information available to him from international sources.

Mr. John Davies

About 40, involving a consideration of £100,000 or more. Available information suggests that the corresponding number of E.E.C. companies acquired by United States interests was probably larger.