On 31 October 2022, UK GVT decided no action on the takeover / acquisition by Vesa Equity.
- UK GVT decided to take no further action under its national security powers on the proposed increase in shareholdings by Vesa Equity Investment in Royal Mail.
- Proposed acquisition of increased shareholdings in Royal Mail had been called for in a full national security assessment by the previous Business Secretary on 25 August 2022.
- UK GVT has powers under National Security and Investment Act 2021 to scrutinize and, if necessary, intervene in qualifying takeover / acquisitions on national security grounds
