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Mr. Grocott
To ask the Secretary of State for Trade and Industry how much had been paid by British Aerospace for the purchase of Rover (a) on 1 January 1989, (b) on 1 June 1989 and (c) on the latest date for which figures are available.
Mr. Douglas Hogg
No payment of the £150 million consideration for the Government shareholding in the Rover Group has yet been received. Payment is due by 31 March 1990 at the latest, following the clarification of certain tax matters.