Prem Sikka: The takeover of GKN shows that the UK can’t build a sustainable industrial policy without reducing shareholder power

Does the UK have an industrial policy? Such a question is likely to become more acute as the UK seeks to forge new priorities to compete in the post-Brexit world. An answer can be teased out of the recent £8bn hostile takeover bid for GKN, UK’s third largest engineering conglomerate specialising in automotive and aerospace components, by Melrose, a UK-based private equity-like investment company.

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