To ask His Majesty's Government what plans they have to investigate the proposed acquisition of the Telegraph Media Group by RedBird IMI under the National Security and Investment Act 2021.

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HL1553

Telegraph Media GroupRedBird IMI

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Question for Cabinet Office

UIN HL1553, tabled on 15 January 2024

Question

Lord Alton of Liverpool

Crossbench

Life peer

Lords

To ask His Majesty's Government what plans they have to investigate the proposed acquisition of the Telegraph Media Group by RedBird IMI under the National Security and Investment Act 2021.

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Answer

Baroness Neville-Rolfe

Conservative

Life peer

Lords

Answered on

29 January 2024

The Government monitors the market at all times to identify acquisitions of potential national security interest. We do not routinely comment on individual transactions. As an open economy, the government welcomes foreign trade and investment where it supports growth and jobs in the UK, meets our stringent legal and regulatory requirements, and does not compromise our national security. However, the government will not hesitate to use our powers to protect national security where we identify concerns.

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Cabinet Office