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British National Oil Corporation (Privatisation)

Volume 13: debated on Monday 23 November 1981

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asked the Secretary of State for Energy if, in the privatisation of the British National Oil Corporation, he intends to introduce measures to ensure that shares are not acquired by non-nationals.

The articles of association of the company in which shares are to be sold will contain safeguards against unacceptable changes in control, whatever the nationality of the parties involved.