Stat of the day: £65bn

How much foreign corporations spent buying British firms in 2010.

by Elizabeth Anderson
Last Updated: 09 Oct 2013
Overseas companies pumped £65m into the economy in 2010 by buying British firms, according to research by Dealogic.

Cadbury was the first to surrender to foreign predators, when it was sold to American food group Kraft for £11.5bn.  Germany’s Deutsche Bahn bought Arriva for £2.4bn, and the £1.8bn Korean acquisition of Dana Petroleum soon followed.   There is, of course, also News Corp’s ongoing struggle to take full control of BSkyB, likely to be worth £7.8bn.   

UK firms have been even more susceptible to foreign takeovers this year because of the weakness of sterling – coupled, of course, with our reputation for laxness when it comes to scrutinising foreign takeovers.  Any bets on who’ll be next?  

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