UK Opens National Security Probe Of High-Tech Material Deal

By Bryan Koenig (September 7, 2021, 8:07 PM EDT) -- United Kingdom authorities opened a national security probe Sunday into a proposed merger that involves "at least one-quarter" of all U.K. production of a promising new material with potential applications in everything from biomedical technology to electronics, energy and more.

Secretary of State for Business, Energy & Industrial Strategy Kwasi Kwarteng issued a so-called public interest intervention notice putting Taurus International Ltd.'s purchase of the Perpetuus Group under the microscope out of a concern that Perpetuus makes at least a quarter of "all graphene plasma goods" in the country.  

"This means that the secretary of state will make the final...

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