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The U.K. has ordered a security review into the planned China-linked takeover of a Welsh graphene firm.
Business Secretary Kwasi Kwarteng has told the Competition and Markets Authority to investigate the takeover of Perpetuus by a firm called Taurus International and a Chinese academic.
Mr Kwarteng issued the public intervention notice “on the public interest ground of national security”.
The CMA has until 7 February next year to report on the planned move.
Quote Kwasi Kwarteng “The U.K. is open for business, however foreign investment must not threaten our national security”
Indeed if Graphite was made strategic in Tudor times, surely the development of Graphene techniques, should also be made strategic, if we are to really become Global Britain.