HC Deb 01 August 1984 vol 65 c300W
Mr. Shore

asked the Secretary of State for Trade and Industry what arrangements he has made when privatising publicly-owned shares in Inmos to ensure that it remains in majority British control.

Mr. Tebbit

On 12 July this year I gave my consent to the sale of the NEB's shares in INMOS to Thorn EMI.

Mr. Shore

asked the Secretary of State for Trade and Industry what was the profit of Inmos in the financial year immediately preceding privatisation.

Mr. Tebbit

In 1983 INMOS made a net loss of £13.8 million.