POLITICS

10 British Businesses You Don't Realise Are Backed By China (PICTURES)

21/10/2013 13:47 | Updated 21 October 2013
Getty

Britain will get its first new nuclear power station for nearly 20 years thanks to French-owned EDF Energy teaming up with Chinese investors, who are taking a 35-40% stake in the Hinkley Point C plant, in a 35-year contract.

George Osborne's trip to China produced a swathe of announcements about Chinese investment, including backing for Manchester's "Airport City" project, and Chinese tech giant Huawei ploughing billions more into Britain.

China has invested $17.8 billion in Britain since 2005, according to the Heritage Foundation, which is admittedly a fraction of the country's $688bn of foreign investments over the same period.

TOP STORIES TODAY

HuffPostUK has found 10 British businesses that now enjoy Chinese backing, or have been sold into Chinese ownership.

  • Heathrow Airport
    China's Investment Corp has a 10% stake in Heathrow Airport Holdings.
  • Weetabix
    Last year, Chinese firm Bright Food bought a 60% stake in Weetabix, the whole-grain breakfast cereal brand, at an estimated $1.9 billion value.
  • Thames Water
    The China Investment Corporation has an 8.68% stake in Thames Water
  • Superdrug
    Superdrug is owned by the A.S Watson Group, Hong Kong's largest health and beauty retail group
  • Harvey Nichols
    The luxury British retailer has been owned by Hong Kong businessman Dickson Poon since 1991.
  • Gieves and Hawkes
    The Savile Row tailor, one of oldest bespoke tailors in the world, was sold to the Trinity Group, a Hong Kong conglomerate, in a deal estimated to be worth £92.5 million.
  • Maganese Bronze
    Manganese Bronze, which London taxicabs, was taken over by Chinese carmaker Geely in 2012 in order to keep the business alive after it fell into administration.
  • Sunseeker Yachts
    Sunseeker, Britain's largest luxury yachtmaker, was bought by Chinese firm Dalian Wanda this year.
  • Barclays
    The China Development bank has a 3.1% holding, worth $3.0bn, in Barclays.
  • BP
    A Chinese sovereign wealth fund bought a 1% stake in BP, which is worth around $2.0bn.

Also on HuffPost:

Suggest a correction
157 Comments

CONVERSATIONS