§ 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.271W
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. Creditanstalt—Bankverein Generale Bank Enskilda Securities, Skandinaviska Enskilda Ltd. Kansallis-Osake-Pankki Banco Hispano Americano SA