Brussels backs £6.3bn foreign takeover of defence behemoth Meggitt
A £6.3bn foreign takeover of one of Britain’s biggest defence companies has moved a step closer after it won backing from Brussels. The sale of Coventry-based Meggitt has been cleared by the European Commission, which said that the company’s US buyer Parker-Hannifin had satisfied its competition requirements. Kwasi Kwarteng, the British Business Secretary, is yet…