§ Baroness Gardner of parkes
asked Her Majesty's Government:
What are the Government's plans for the sale of the British Technology Group.
§ The Parliamentary Under-Secretary of State, Department of Trade and Industry (Lord Reay)
Following consideration of the final bids, the Government have decided to enter a period of exclusive negotiation with a consortium led by management and employees and CIN venture managers. The terms of their bid maximise the proceeds consistent with the best prospect of the continuation of BTG's existing technology transfer activities. Parliament will be informed of the outcome of the negotiations in the usual way.