National Nuclear Corporation (Hansard, 14 July 1976)

HC Deb 14 July 1976 vol 915 c169W 169W

§ Mr. Craigen
asked the Secretary of State for Energy if he will make a statement about the shareholdings in the National Nuclear Corporation.

§ Mr. Benn
The Atomic Energy Authority (AEA) has acquired on behalf of the Government a further 20 per cent. of the National Nuclear Corporation's (NNC) shares from the General Electric Company (GEC). This increases the AEA's shareholding from 15 per cent. to 35 per cent. and reduces that of the GEC from 50 per cent. to 30 per cent. GEC will continue to exercise a supervisory role in support of NNC's operating company, the Nuclear Power Company.