HC Deb 22 October 1984 vol 65 c430W
Mr. Shore

asked the Secretary of State for Energy what arrangements he made when privatising publicly owned shares in Enterprise Oil, to ensure that it remains in majority British control.

Mr. Buchanan-Smith

The Government have retained, for the present, a special share giving them powers to prevent unacceptable changes in control.

Mr. Shore

asked the Secretary of State for Energy what was the profit of Enterprise Oil in the financial year immediately preceding privatisation.

Mr. Buchanan-Smith

Enterprise Oil's profit after tax for the eight-month period from the start of trading on 1 May to 31 December 1983 was £30.8 million.

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