Flusso Limited share acquisition: decision to take no further action
Secretary of State decision to take no further action under national security powers on the acquisition by Shanghai Sierchi Enterprise Management Partnership of Flusso Limited.
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▤ Verbatim text from source document
The government has powers under the National Security and Investment Act (2021) to scrutinise and, if necessary, intervene in qualifying acquisitions on national security grounds.
The Secretary of State decided to take no further action on the acquisition by Shanghai Sierchi Enterprise Management Partnership of Flusso Limited. A Final Notification was issued to both parties on 21 June 2022.