Boston, MA 08/28/2014 (wallstreetpr) – Considering and reviewing foreign investment in Canada, a secret committee has been established by the Government of Canada. The committee shall be taking into consideration foreign investment, in light with the security of the nation. The officials in Canada are taking utmost interest in the much talked about deal between Burger King Worldwide Inc (NYSE:BKW) and Tim Hortons Inc. (USA) (NYSE:THI).
Canada’s National Security Attention
The last decade saw the government’s attention towards national security increase. This was particularly because of state-owned enterprises indulging in acquiring enterprises abroad, according to Dany Assaf, co-chairman of the Competition And Foreign-Investment Group in Toronto at a legal firm Torys LLP.
The officials in Canada are keeping into focus all transactions which involve pipelines or telecom networks. Mr. Assaf added that C$12.5 billion invested by Burger King Worldwide Inc (NYSE:BKW) in Tim Hortons Inc. (USA) (NYSE:THI), is away from security review or any issue.
About the Secret Committee
Francois Guimont , Public Safety Deputy Minister, has been appointed as the Chairman of the committee encompassing of Heads of 2 spy agencies of Canada along with Stephen Rigby who is the National Security Adviser of Prime Minister Stephen Harper, as reported by Bloomberg.
Security Threat to a few Foreign Enterprises in Canada
The security agency in Canada had warned in the past about some of the foreign state- owned enterprises that may pose a security threat. However, as hinted by the officials, there would not be any issues associated to the talk of the town deal between Burger King Worldwide Inc (NYSE:BKW) and Tim Hortons Inc. (USA) (NYSE:THI), both of which are together planning to form one of the largest restaurant chains in the world through each other’s support.
The deal, which is yet to be inked into final version, is also attracting attention of people because of Warren Buffet’s investment scheme into the much-talked about deal.
