Transport Holding Company (Purchase of Electric Traction Bus Companies)

HC Deb 17 November 1967 vol 754 cc218-9W

Mrs. Renée Short

asked the Minister of Transport whether she will make a statement on the reported negotiations for the purchase of the British electric traction bus interests by the Transport Holding Company.

Mrs. Castle

I am aware that discussions are in progress, and that should they reach a satisfactory conclusion it is the intention of the Transport Holding Company to make offers to the outside shareholders in these companies. These negotiations are being undertaken with my authority and approval.