§ 21. Dr. Twinnasked 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 MitchellThe 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.