§ Mr. Barry JonesTo ask the Secretary of State for Trade and Industry (1) if he will make a statement concerning Pembridge Investments of Bermuda bid for the DRG Company;
(2) if he will refer the Pembridge Investments of Bermuda bid for the DRG Company, located at Deeside industrial park and elsewhere, to the Director General of Fair Trading; and if he will make a statement.
§ Mr. RedwoodThe proposed acquisition of DRG by Pembridge Investments is being considered by the Director General of Fair Trading who will advise my right hon. Friend the Secretary of State on whether the proposed acquisition should be referred to the Monopolies and Mergers Commission. It would not be appropriate to comment on the merits of the bid in advance of my right hon. Friend's decision. The Director General, in giving his advice, and the Secretary of State, in taking his decision on whether to refer, will give careful consideration to all relevant aspects of the proposal.
§ Mr. Barry JonesTo ask the Secretary of State for Trade and Industry if he will visit the DRG Company at Deeside industrial park; and if he will make a statement.
§ Mr. RedwoodNeither I nor my right hon. Friend the Secretary of State has any plans for such a visit.