Advent vows to keep jobs at Cobham - News Summed Up

Advent vows to keep jobs at Cobham


Cobham, which makes the V-22 aerial refuelling system, is one of Britain’s biggest defence and aerospace businessesThe American private equity giant attempting to buy Cobham is ready to commit to protect British jobs and investment as it seeks to allay concerns over its £4 billion takeover of the defence and aerospace company. Amid fears that a sale to private equity runs the risk of a further sale and possible break-up of a key British industrial asset in a few years’ time, it is understood that Advent International will promise the government that it will maintain UK employment at current levels at least, invest in research and development in Britain and keep the Cobham brand. Advent will also commit to keeping Cobham’s various “sector headquarters” around southeast England and East Anglia. Advent secured support from Cobham investors for the proposed purchase last…


Source: The Times October 20, 2019 23:03 UTC



Loading...
Loading...
  

Loading...