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Port Buy-Out Bids

Volume 204: debated on Wednesday 19 February 1992

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To ask the Secretary of State for Transport what consideration he has given to bids for management buy-outs in respect of the trust ports of Medway and Tilbury.

It will be for Medway ports authority and the Port of London authority, once they have received the final bids for their ports, including those expected from management and employee buy-out teams, to assess them against the objectives of sale agreed for each port and to make their recommendations to my right hon. and learned Friend, who will then consider them.