HC Deb 12 May 1992 vol 207 cc71-2W
Mr. Mackinlay

To ask the Secretary of State for Transport for how much the port of Tilbury was sold; and what was the valuation of the port of Tilbury, as advised to him or the Port of London Authority, prior to the sale.

Mr. Norris

The port of Tilbury was sold to International Transport Ltd, a management and employee buy-out team, at a price of £32 million. Prior to the sale the Port of London Authority, as the vendors, were advised of benchmark valuation ranges for the sale of the port of Tilbury of £27 million to £37 million for a trade sale and of £25 million to £34 million for a leveraged buy-out.