OpenLegislation

Division 3.6 Change of purchaser

United Kingdom

Original text. Later amendments are not shown.

If it transpires, after the timely reprivatisation but before the execution deadline has expired, that the purchaser of an entity is unable to fulfil the execution conditions or cannot fulfil them by the execution deadline, the sale may take place to a third party with the Commission’s agreement, provided that sale can be executed within the execution deadline for the first sale.