Skip to main content

Stena And P&O Merger

Volume 301: debated on Wednesday 24 September 1997

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the President of the Board of Trade if she will investigate the report contained in The Observer newspaper of 16 November relating to the proposed merger of Stena and P&O with a view to identifying the source close to the authorities cited in the report. [16967]

I have seen the press report to which the hon. Member refers. The report was speculative, and inaccurate in a number of respects. It contained nothing which suggests that it was derived from a UK official source. Unless there is other evidence to suggest that it was derived from a UK official source, I do not intend to investigate the report further.

To ask the President of the Board of Trade when she plans to publish her decision on the P&O and Stena ferries merger; and if she will make an oral statement. [17065]

[holding answer 21 November 1997]: I published the Monopolies and Merger's report on the proposed joint venture between P&O and Stena on 19 November. Copies of the report have been laid before Parliament. As is usual in such cases, I also issued a Press Notice announcing my decision on the report, copies of which are available in the libraries of both Houses.