Foreign firms snapped up £7.8 billion worth of UK companies over the latest quarter as the recent rise in international owners continued, according to official figures.
The Office for National Statistics (ONS) said the value of inward mergers and acquisitions – where foreign companies buy UK firms – increased by £1.1 billion against the previous quarter.
It came despite an overall reduction in the number of UK merger and acquisition (M&A) deals over the three months to the end of September.
Deals completed over the period included Carlsberg’s move to take complete control of its brewing joint venture with Marston’s for £206 million.
Another notable deal was the £788 million takeover of FTSE 250 doors and windows specialist Tyman by US rival Quanex Building Products.
However, the value of deals involving UK firms or investors as buyers was down against the previous quarter.
The statistics body found that outward M&A deals – those where UK companies snap up businesses from overseas – was reported at £4 billion for the quarter, down £200 million against the…
