HL Deb 04 June 1986 vol 475 cc1083-4WA
Lord Boyd-Carpenter

asked Her Majesty's Government:

What restrictions are proposed on the ownership of shares in the privatised British Airports Authority?

The Parliamentary Under-Secretary of State, Department of Transport (The Earl of Caithness)

A provision will be included in the articles of association of the privatised BAA restricting the shareholding of any individual, or of parties acting in concert, to 15 per cent. of the total issued share capital. The Secretary of State will retain a special share which will give him the right to veto any proposed change to this article.