My mate has worked there years and being a local (somewhat removed thesedays) this is great news for the firm and the industry as a whole. They do some very clever things at Forge Masters and it's only right it is being protectedIn UK hands yes, but not UK civil service hands...
They also do nuclear and with the proposed modular reactors potentially on their way it would make sense that the UK govt is trying to keep everything in-house.
Uncertain - but look at the bigger picture of what is currently happening. We are currently outing any Chinese involvement in CPNI projects and the possibility of a Chinese buyout of Forge Masters was very high indeed, hence why HMG have stepped in.I do note that since Brexit, the UK Govt has been on a bit of a spending spree. Would this have been allowed if we'd still been in the EU as I know they were very against state run companies.
It is just the way business cash flow works. They bob along making a moderate profit while the infrastructure deteriorates. Eventually they are forced to invest in new equipment/technology to remain competitive/profitable or in a few years they will go down the tubes. Work out how much it will cost and the accountants point out that is more than the company is worth.
Bought out the shareholders, who were sitting on a company that was possibly on a short track to being bust.
Pity they hanged Saddam Hussein, he was a good customer.
For totally innocent big tubes for no purpose at all, definitely not to shell Israel.