HC Deb 26 January 1976 vol 904 c99W
Mr. Stanley

asked the Secretary of State for Industry whether he will be taking up his entitlement to the rights issue by Brown Boveri Kent; and whether he will give the reasons for his decision.

Mr. Skeet

asked the Secretary of State for Industry whether the Government propose to take up their entitlement in the pending rights issue of the Brown Boveri Kent Group; and whether it contemplates increasing its stake of 1227 per cent. in the company.

Mr. Gregor Mackenzie

The Department of Industry's shareholding is being transferred to the National Enterprise Board and its entitlement under the rights issue will be renounced to the Board.

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