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Overseas owners sold a record £6.9bn of UK companies in the first quarter

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Overseas owners sold eight UK companies in deals worth a combined £6.9bn over the first quarter of this year – the highest value on record.

Yet overseas buyers continued to push money into the UK during the first quarter of this year, as they acquired UK businesses in 75 transactions worth £21.7bn.

This was up a massive £18.2bn from the fourth quarter of last year, according to the data from the Office for National Statistics (ONS) which has been collected since 1987.

Read more: Global deal value passes $2 trillion as M&A boom........

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