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34.
Mr. Chope
asked the Secretary of State for Trade and Industry, if he will make a statement on the latest progress in privatising the interests of British Shipbuilders.
Mr. Peter Morrison
British Shipbuilders have sold two of their warship yards: Yarrow Shipbuilders Ltd and Brooke Marine Ltd. Negotiations are continuing for the sale of Hall Russell Ltd, Swan Hunter Shipbuilders Ltd and Vosper Thornycroft (UK) Ltd. The sale documents for Vickers Shipbuilding and Engineering Ltd, together with its subsidiary Cammell Laird Shipbuilders Ltd, were issued on 10 October. In addition, during the current financial year, British Shipbuilders have sold Sunderland Forge Ltd and Vosper Shiprepairers Ltd.