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Ferranti Ltd

Volume 986: debated on Monday 16 June 1980

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42.

asked the Secretary of State for Industry whether, in any issue of shares in Ferranti Ltd., he proposes to place a limit on the size of applications so as to enable members of the public and, in particular, small investors and Ferranti workers to acquire an interest in the company.

The National Enterprise Board holds 50 per cent. of the ordinary shares in Ferranti Ltd. Under its draft guidelines the board is required to dispose of all its shareholdings, having regard to the interests of the company and the taxpayer and to such other considerations as the Secretary of State may draw to its attention. My right hon. Friend is considering what advice he might give to the board about the disposal of its Ferranti shares.