HC Deb 21 December 1988 vol 144 cc270-3W
Mr. Nigel Griffiths

To ask the Chancellor of the Exchequer if he will list advisers and underwriters appointed for foreign purchases of(a) electricity, (b) water and (c) steel; if he will state the cost of the appointments; and which countries are covered by the appointments.

Mr. Norman Lamont

Overseas banks have been appointed as set out below to advise on the desirability and feasibility of overseas offers in connection with the privatisations of British Steel, the water authorities of England and Wales and the electricity supply industry of England and Wales. Overseas advisers for the British Steel privatisation were appointed as lead managers in their territories when it it was decided to proceed with overseas offers or placings in the United States, Canada, Japan and continental Europe, and the underwriters for each of the overseas offers are also listed below. It is not the practice to publish details of individual contracts, but the costs of the British Steel flotation will be reported in due course in the usual way.

Country Overseas Financial Advisers Overseas Underwriters
Electricity Supply United States Goldman Sachs Not applicable
British Steel (Financial advisers subsequently appointed as lead managers for offers for sale of British Steel, in United States, Canada Japan and for a Placing in continental Europe) United States Goldman Sachs Goldman Sachs and Co.
The First Boston Corporation
Merrill Lynch, Pierce, Fenner and Smith Inc.
Morgan Stanley and Co. Inc.
Salomon Brothers Inc.
Bear, Stearns and Co. Inc.
Alex. Brown and Sons Inc.
Dillon, Read and Co. Inc.
Donaldson, Lufkin and Jenrette Securities Corporation
Drexel Burnham Lambert Inc.
Kidder, Peabody and Co. Inc.
Lazard Freres and Co.
PaineWebber Inc.
Prudential-Bache Securities Inc.
Shearson Lehman Hutton Inc.
Smith Barney, Harris Upham and Co. Inc.
S. G. Warburg and Co. Inc.
Wertheim Schroder and Co. Inc.
Dean Witter Reynolds Inc.
Advest Inc.
Arnhold and S. Bleichroeder Inc.
William Blair and Company
J. C. Bradford and Co.
Dain Bosworth Inc.
A. G. Edwards and Sons Inc.
McDonald and Company Securities Inc.
Oppenheimer and Co. Inc.
Piper, Jaffray and Hopwood Inc.
Prescott Ball and Turben Inc.
The Robinson-Humphrey Company Inc.
Thomson McKinnon Securities Inc.
Bateman Eichler, Hill Richards Inc.
Blunt Ellis and Loewi Inc.
Butcher and Singer Inc.
Cowen and Co.
First Southwest Company
Furman Selz Mager Dietz and Birney Inc.
Janney Montgomery Scott Inc.
Ladenburg, Thalmann and Co. Inc.
C. J. Lawrence, Morgan Grenfell Inc.
Morgan Keegan and Company Inc.
Needham and Company Inc.
Neuberger and Berman
Parker/Hunter Inc.
Stifel Nicolaus and Company Inc.
Sutro and Co. Inc.
Underwood, Neuhaus and Co. Inc.
Canada Scotia McLeod Scotia McLeod
Wood Gundy
Burns Fry
Merrill Lynch Canada
Japan Nomura Securities Co. Nomura Securities Co.
Daiwa Secrities Co.
Nikko Securities Co.
Yamaichi Securities Co.
Europe Swiss Bank Corporation Investment Banking Ltd. (SBCI)
Germany Deutsche Bank Capital Markets Limited
Commerzbank Aktiengesellschaft
Bayerische Hypotheken—und Wechsel—Bank Aktiengesellschaft
DG BANK Deutsche Genossenschaftsbank
Schweizerischer Bankverein (Deutschland) AG
Dresdner Bank Aktiengesellschaft
Bayerische Landesbank Girozentrale
Berliner Handels—und Frankfurter Bank
Deutsche Girozentrale—Deutsche Kommunalbank—Vereins—und Westbank Aktiengesellschaft
Westdeutsche Landesbank Girozentrale

Country Overseas Financial Advisers Overseas Underwriters
France Banque Paribas Capital Markets Limited
Banque Indosuez
Credit Commercial de France
Societe Generale
Banque de Gestion Privee-SIB
Rothschild and Cie. Banque
Banque Nationale de Paris
C1-Alexanders Laing and Cruickshank
Banque Stern-Groupe Societe de Banque Suisse
Mediobanca-Banca di Credito Finanziario S.p.A.
Italy Banca Commerciale Italiana
Credito Italiano
Banca Popolare di Milano
Nuovo Banco Ambrosiano
Banca Nazionale del Lavoro
Cassa di Risparmio delle Provincie Lombarde-CARIPLO
Banca Nazionale dell 'Agricoltura
Banco di Roma S.p.A.
Instituto Bancario San Paola di Torino
Credito Romagnolo S.p.A.
Netherlands Amsterdam-Rotterdam Bank NV
Cooperatieve Centrale Raiffeisen-Boerenleen Bank BA
SBCI Swiss Bank Corporation Investment banking NV
Pierson, Heldring and Pierson NV
Nederlandsche Middenstandsbank
Switzerland and Leichtenstein SBCI Swiss Bank Corporation Investment banking Ltd.
Credit Suisse First Boston Limited
Swiss Volksbank London Branch
Julius Baer International Limited
Compagnie de Banque et d'Investissements
Leu Securities Limited
Pictet International Ltd.
BSI-Banca della Svizzera Italiana
Hentsch et Cie
Sarasin Investment Management Limited
SG Warburg Soditic (Jersey) Limited
Union Bank of Switzerland (Securities) Limited
Banca del Gottardo
HandelsBank NatWest (Overseas) Limited
Lombard Odier International Underwriters SA
Bank J. Vontobel and Co. AG
Rothschild Bank AG
Swiss Cantobank Securities Limited
Other European countries SBCI Swiss Bank Corporation Investment Banking Ltd.
Generale Bank
Enskilda Securities, Skandinaviska
Enskilda Ltd.
Banco Hispano Americano SA