HC Deb 25 January 1988 vol 126 cc29-30W
Mr. Campbell-Savours

To ask the Chancellor of the Duchy of Lancaster (1) what action the Office of Fair Trading is intending to take in relation to the shareholding in BP by Kuwaiti interests;

(2) what steps he is taking to monitor compliance by Kuwaiti interests with the undertaking given on the acqusition of shares in BP.

Mr. Maude

The Kuwaiti Investment Office holding is being considered under our merger control procedures by the Director General of Fair Trading. He will advise my right hon. and noble Friend the Secretary of State whether there may be a "merger situation" which qualifies for investigation and, if so, whether it should be referred to the Monopolies and Mergers Commission for further investigation.