Section 29(2)

This subsection applies to— any transaction which— enables that person or group of persons directly or indirectly to control or materially to influence the policy of any person carrying on the enterprise; enables that person or group of persons to do so to a greater degree; or is a step (whether direct or indirect) towards enabling that person or group of persons to do so; and any transaction by virtue of which that person or group of persons acquires a controlling interest in the enterprise or, where the enterprise is carried on by a body corporate, in that body corporate.

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Source: legislation.gov.uk · retrieved 2026-09-04