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Mr. Grocott
To ask the Secretary of State for Energy if he will list the privatisations with which his Department has been involved since 1979, indicating in each case the date of the sale, the proceeds of the sale and the estimated current value of the company.
Mr. Wakeham
The privatisations with which my Department has been involved since 1979 are as follows:
| Date of Sale | Net Equity Proceeds to Government (£ million) | Current Market Value1 (£ million) | |
| Britoil2 | 1982 | 536 | |
| (Secondary sale)2 | 1985 | 426 | |
| Enterprise Oil | 1984 | 382 | 2,786 |
| Wytch Farm3 | 1984 | 149 | |
| British Gas | 1986 | 5,143 | 10,120 |
| Regional Electricity Companies | 1990 | 45,182 | 56,221 |
| 1 At Friday 7th December 1990—Source: Financial Times. | |||
| 2 Now a wholly owned subsidiary of British Petroleum. | |||
| 3 Now owned by a consortium of companies. | |||
| 4 Gross equity proceeds. | |||
| 5 Market value at Wednesday 12th December—Source: Financial Times. | |||