§ Mr. Latham
To ask the Secretary of State for the Environment whether he will make a statement on the progress towards implementing his policy of privatising Property Services Agency projects; which consultants are handling the negotiations; how many specific bids have been obtained; when they will be evaluated; and when he expects the matter to be concluded.177W
§ Mr. Yeo
[holding answer 3 December 1991]: Preparations for the sale of Property Services Agency projects are continuing following the decision, announced in July, to offer the business for sale as early as possible next year, subject to progress and market sentiment. The sale process itself including evaluation of bids could take some six months. My financial advisers are Coopers and Lybrand Deloitte. Bids have not yet been invited.