§ Mr. Gordon PrenticeTo ask the Secretary of State for Transport how much National Express was sold for on privatisation; and what is its current stock market value. [3252]
§ Mr. NorrisThe net proceeds to the National Bus Company from the sale of its subsidiary, National Express, in 1988 was £10.1 million. My Department does not hold details of its current stock market value but the present National Express Group bears no resemblance to the original company sold by NBC.
§ Mr. Gordon PrenticeTo ask the Secretary of State for Transport what discussions he has had with the chairman of British Bus concerning the payment of sums of money as gifts to the former chairman of National Express. [3336]
§ Mr. NorrisNone. Any financial transactions between business partners of companies in the private sector are matters for them.