§ Mr. Fisher
asked the Secretary of State for Trade and Industry by what means (a) British Aerospace, (b) Cable and Wireless, (c) Amersham International and (d) British Petroleum were valued, prior to the sale of shares.
§ Mr. Butcher
In fixing the prices for the initial offers for sale of shares in British Aerospace and Cable and Wireless for which there was no existing market valuation, the Government had regard to advice from merchant bankers and stockbrokers. My Department was not responsible for the sale of Amersham International, nor for the sale of minority holdings in British Petroleum and Cable and Wireless.