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Golden Shares

Volume 408: debated on Wednesday 9 July 2003

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To ask the Chancellor of the Exchequer when he expects the Government's review of the European Court of Justice's decision on golden shares to be completed. [124152]

The Government holds special shares in 25 companies. Each Department responsible for individual special shares is examining the ECJ's judgments carefully, to ensure that its special shares comply with EC law and continue to be in the public interest. The outcome will depend on the detail of each individual special share.