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Privatisations

Volume 453: debated on Monday 27 November 2006

To ask the Secretary of State for Trade and Industry what progress has been made with the sale of (a) Westinghouse, (b) the Tote and (c) part of British Energy. (103632)

The information is as follows.

Westinghouse

The sale of Westinghouse was completed on 16 October.

The Tote

The Government remain committed to selling the Tote and have been in discussions over the summer with Racing to determine whether it is likely to be able to make an offer that achieves policy objectives and safeguards value for money for the taxpayer. Other sale options will be considered if we are unable to sell the business to Racing.

British Energy

We have stated that the Government are actively considering selling part of their interest in British Energy.