HC Deb 24 July 1987 vol 120 c609W
Mr. Meale

asked the Secretary of State for Transport what is his policy towards the proposed sale of the East Midlands bus company to a private buyer; and if he will make a statement.

Mr. David Mitchell

The National Bus Company welcomes outside bids for all its subsidiaries, including East Midlands Motor Services, provided that they are from parties who intend to continue bus operations. NBC also encourage bids from management and employee teams; such bids can be eligible for a price preference of up to about 5 per cent. over third party offers.

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