HC Deb 11 December 1974 vol 883 cc176-7W
Mr. Cant

asked the Secretary of State for Industry whether he will publish guidelines in respect of the future acquisition, in part or whole, of United Kingdom industrial, commercial and financial undertakings by Arab Governments relating to requirements in connection with the absence of secrecy, intentions in respect of policy control, limitations of voting rights and the future resale of the stake in the undertaking.

Mr. Benn

Investment by non-residents in United Kingdom enterprises requires exchange control permission. In dealing with applications all relevant factors are taken into consideration.