§ Dr. Kim HowellsTo ask the Chancellor of the Exchequer which of the Government's privatisations involved the services of the investment banking group, Kleinwort Benson; and what moneys were paid by the Government to that group for services.
§ Mr. MaudeThe table shows the privatisations and in which positions Kleinwort, Benson acted for the Government. Moneys paid to Kleinwort, Benson for their services are a confidential commercial matter.
106W
Role of Kleinwort, Benson in privatisations Company Date of sale Position BP1 1979 Underwriter 1983 Underwriter 1987 Underwriter British Aerospace 1981 Adviser Lead Underwriter 1985 Joint Lead Underwriter Cable and Wireless 1981 Adviser2 Lead Underwriter 1983 Adviser2 Lead Underwriter 1985 Underwriter Britoil 1982 Underwriter 1985 Underwriter Associated British Ports 1983 Adviser3 Joint Underwriters Enterprise Oil 1984 Adviser Underwriter British Telecom 1984 Adviser Joint Lead Underwriter British Gas 1986 Underwriter British Airways 1987 Underwriter Royal Ordnance 1987 Adviser4 British Steel 1988 Underwriter Water and Sewerage Companies 1989 Underwriter Regional Electricity 1990 Adviser Notes:
1Sale of Government shares (not privatisation)
2With Bank of England
3Early stages
4Initial study