March 27, 2018 / 1:30 PM / a year ago

UK awaits security advice before any intervention in GKN deal: minister

FILE PHOTO: Britain's Secretary of State for Business, Energy and Industrial Strategy Greg Clark speaks at the Conservative Party's conference in Manchester, Britain October 2, 2017. REUTERS/Phil Noble/File Photo

LONDON (Reuters) - Britain’s business minister Greg Clark said on Tuesday he would follow expert advice from the defense ministry and others on whether to formally intervene in Melrose’s (MRON.L) bid for GKN GKN.L on national security grounds.

“At the close of the bid when all of the facts are known ... the Ministry of Defence and other agencies will make an assessment and will advise me on whether or not there are grounds for intervention on national security,” Clark told parliament.

Reporting by William James; editing by Stephen Addison

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