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QinetiQ

Volume 453: debated on Monday 27 November 2006

To ask the Secretary of State for Defence what proportion of QinetiQ's issued share capital is held by the Government; and whether there are plans to reduce this shareholding. (101319)

The Government hold approximately 19.2 per cent. of QinetiQ's issued share capital. Throughout the QinetiQ PPP process the Government always made it clear that ultimately it expects to sell its financial stake in the company. There are currently no plans to reduce the Government's shareholding but the Government keep its position under review.

To ask the Secretary of State for Defence what percentage shareholding his Department has in QinetiQ. (101605)