HC Deb 27 January 1986 vol 90 c367W
Dr. Marek

asked the Secretary of State for Foreign and Commonwealth Affairs what information he has on the majority shareholding of South Atlantic Islands Development Corporation Limited.

Mrs. Chalker

We understand that Field Nominees Limited, a subsidiary nominee company of the Bank of Butterfield and Son Ltd., Bermuda, holds 75 per cent. of the corporation's issued shares to the order of financial institutions. Of these shares, a British-Swiss financial institution, SG Warburg Bank AG, holds 7,000 of the corporation's shares (equivalent to 70 per cent. of the issued capital) on behalf of two European legal entities, whose directors are all of European nationality and domicile.

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