LONDON, September 14 (Hfrance.fr) - UK Finance Minister Rishi Sunak said on Tuesday that private equity firms' interest in UK listed companies reflects the economy well, but added that he wanted to make it easier for new companies to go public.
"I would take this as a sign of confidence in the UK economy, " a he said when asked if there were any long-term dangers for private companies.
"If the International investors, whoever they are, are keen to invest their capital in the UK, this is good news for our economy. And that 's what you see, "he told reporters at a conference to promote tech companies.
UK Morrisons supermarket (MRW.L) is currently at the center of a battle between two private US companies and capital firms, while US chipmaker Nvidia (NVDA.O) is seeking regulatory approval in Great Britain and elsewhere for its purchase, British chip designer ARM, which was acquired by Japanese company SoftBank in 2016. read more
Asked if he would prefer to see ARM listed as an independent company in Britain, Sunak said he could not comment specifically due to the ongoing regulatory process.
" Whether it's ARM or someone else, I want to make (Britain) an incredibly attractive place for businesses to raise capital, "Sunak said.
Britain has already taken steps to allow structures such as special purpose acquiring companies and dual class listings that have driven some companies to prefer to register with the United States. Sunak also said he seeks to make it easier for companies to produce prospectuses for initial public offerings.
" Next year, when we legislate, we will be looking at things around prospectuses ... how we simplify the process for companies issuing IPOs and what they can do it without specific legal liability, "he said. Report by David Milliken; edited by Costas Pitas
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