HC Deb 16 May 1988 vol 133 cc296-7W
Mr. Shersby

To ask the Chancellor of the Duchy of Lancaster what information he has as to the number of(a) successful and (b) contested bids by British companies for Swiss or Swiss-based companies in each of the last five years; and if he will publish the names of the companies concerned.

Mr. Kenneth Clarke

United Kingdom companies are not required to register overseas acquisitions of companies. From press reports, however, my Department has identified the following cases of United Kingdom companies acquiring Swiss companies:

Acquiring Company Swiss Company acquired
1983 APV Holdings Gelruder Ott AG
1984 Bowater Roba AG
Croda International Kolmar Cosmetics
1985 None
1986 None

Acquiring Company Swiss Company acquired
1987 John Crowther Wollimex AG
Queen's Moat Houses Hotel Admiral
1988 Blue Circle Romag AG

There may well have been other acquisitions in addition to those listed. There is no available information on whether any of these acquisitions was contested or whether there were other bids which were contested and failed.