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Government And National Enterprise Board Holdings

Volume 986: debated on Friday 20 June 1980

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asked the Secretary of State for Industry whether he will list the holdings which the Government and the National Enterprise Board have sold in the last 12 months and indicate which have been the subject of public subscriptions, rights issues, tenders by more than one investor, or purchase by private treaty.

In the last 12 months the board has disposed of all its shareholdings in Hird-Brown Ltd.; R. R. Chapman (Sub-Sea Surveys) Ltd.; and ICL Ltd.; it has also disposed of its equity shareholding in Pakmet International Ltd. (but not its preference shareholding). The method of sale in each case is a matter for the board.No shares held by my right hon. Friend have been sold in the same period but in August last my right hon. Friend disposed of £484,574 (nominal) of Dunford and Elliott Ltd. 12½ per cent. unsecured loan stock by sale on the London Stock Exchange.