§ Mr. Fallonasked the Secretary of State for Trade and Industry how many employees of Rover Group and its subsidiaries will become employees of the proposed Leyland-DAF joint venture.
§ Mr. Giles ShawApproximately 7,000 United Kingdom employees of Rover Group and its subsidiaries will become employees of the proposed Leyland-DAF joint venture.
§ Mr. Fallonasked the Secretary of State for Trade and Industry what is the value of the assets of Rover Group to be transferred to the Leyland-DAF joint venture.
§ Mr. Giles ShawIt is envisaged that net assets valued at £179 millions will be transferred to the Leyland-DAF joint venture on completion.
§ Mr. Fallonasked the Secretary of State for Trade and Industry how many directors of the Leyland-DAF joint venture will be appointed by Leyland and how many by DAF.
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§ Mr. Giles ShawI refer to the answer given by my right hon. Friend the Secretary of State for Trade and Industry to the hon. Member for Birmingham, Hodge Hill (Mr. Davies) on Monday 23 February 1987 at column 14.
§ Mr. Fallonasked the Secretary of State for Trade and Industry whether he will deposit a draft of the proposed Leyland-DAF joint venture agreement in the Library.
§ Mr. Giles ShawThe essential elements of the proposed Leyland-DAF joint venture were given to the House in my right hon. Friend the Secretary of State's statement on 19 February 1987 at columns 1059–73. The detailed contractual negotiations are commercially confidential and therefore I am unable to place a document in the Library.