§ Mr. GrocottTo ask the Secretary of State for the Environment if he will list the privatisations with which his Department has been involved since 1979, indicating in each case the date of the sale, the proceeds of the sale and the estimated current value of the company.
§ Mr. Heseltine[holding answer 14 December 1990]: My Department was involved with the privatisation of the water and sewerage companies in England and Wales. The sale took place in 1989. The estimated net proceeds will be £3,454 million. The estimated current value of the partly paid shares in the companies is £5.7 billion.