HC Deb 21 May 1984 vol 60 c336W
21. Dr. Twinn

asked the Secretary of State for Transport whether he will make a statement on the outcome of the sale of the remaining Government holding in Associated British Ports.

Mr. David Mitchell

The sale by tender of the Government's residual holding in Associated British Ports Holdings P.L.C. was successfully completed on 18 April. A striking price of 270p per share was achieved, 20p above the minimum tender price. Gross proceeds from the sale were £53 million. This excellent outcome reflects investors' confidence that the company will maintain its strong performance since its privatisation last year.