HC Deb 22 July 1976 vol 915 c542W
Mr. Lee

asked the Secretary of State for Industry whether he will make it a condition of the provision of £5 million to the Lonrho Group that the funds so provided be converted into an equity holding in Lonrho; and what total equity shareholding he expects would accrue to Her Majesty's Government, with shares being issued at par value pro rata with the capital thus provided.

Mr. Alan Williams

No. The loan has attained our purpose of saving the 1,800 jobs at risk.

Back to