HC Deb 09 February 1984 vol 53 cc685-6W
Mr. Stott

asked the Secretary of State for Trade and Industry if he will make a statement on the proposed sale of the Government's 75 per cent. shareholding in Inmos to an American company.

Mr. Butcher

Inmos is a subsidiary of the British Technology Group. It is for the BTG, the board of the company and its financial advisers to conduct the negotiations with the various parties who have expressed an interest in acquiring a stake in INMOS and to make the first evaluation of offers which are received. These various negotiations have not yet been completed.