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Inmos Ltd

Volume 32: debated on Wednesday 17 November 1982

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asked the Secretary of State for Industry if it is the Government's intention that Inmos Ltd. should be sold to private investors.

Under its statutory guidelines, the NEB is required to dispose of all of its interests to private ownership, as soon as commercially practicable.

asked the Secretary of State for Industry whether he will ensure that control of Inmos Ltd. will not pass into foreign hands.

This is a matter for the board of the NEB, operating as it is required to do in conformity with its statutory guidelines published in August 1980, including on matters affecting the disposal of its shareholdings.