§ 55. Mr. Galloway
To ask the Secretary of State for Transport how many companies have bought more than one National Bus Company subsidiary.
§ 61. Mr. Battle
To ask the Secretary of State for Transport how many National Bus Company companies have been sold.
§ 50. Mr. Ron Davies
To ask the Secretary of State for Transport how many staff or management buyouts have been approved in the sale of National Bus Company subsidiaries.
§ 35. Mr. Turner
To ask the Secretary of State for Transport if he will make a statement on the progress of the sales of National Bus Company subsidiaries.
§ Mr. David Mitchell
Forty-nine of the National Bus Company's 72 subsidiaries have now been sold, 29 of them to management or employee teams.
NBC's report and accounts, which were published on 27 October, forecast that all sales will be completed well before the statutory deadline of January 1989, and that total proceeds will substantially exceed the book value of assets sold.
I congratulate NBC on the excellent progress it has made.