National Enterprise Board

HC Deb 05 August 1976 vol 916 cc957-8W

Mr. Grylls

asked the Secretary of State for Industry what is the cost to the National Enterprise Board of its share-holding in the Twinlock Company Limited; what is the number of shares acquired and their par value; and what proportion of total equity these shares represent.

Mr. Les Huckfield

My right hon. Friend has given his consent, under Section 10 of the Industry Act 1975, to the NEB acquiring more than 30 per cent, of the equity of Twinlock Limited. I understand that a conditional offer has been made by the NEB and will be considered by shareholders next month.

Mr. Grylls

asked the Secretary of State for Industry what is the cost to the National Enterprise Board of its 35 per cent, shareholding in the Anglo-Venezuelan Railways Corporation Limited; what is the share value at par; and how many shares the 35 per cent, represents.

Mr. Les Huckfield

I understand that the cost to the board was £3,500 for 3,500 shares at a par value of £1 each.