§ Mr. GrocottTo ask the Secretary of State for Energy if he will list the privatisations with which his Department has been involved since 1979, indicating in each case the date of the sale, the proceeds of the sale and the estimated current value of the company.
§ Mr. WakehamThe privatisations with which my Department has been involved since 1979 are as follows:
Date of Sale Net Equity Proceeds to Government (£ million) Current Market Value1 (£ million) Britoil2 1982 536 (Secondary sale)2 1985 426 Enterprise Oil 1984 382 2,786 Wytch Farm3 1984 149 British Gas 1986 5,143 10,120 Regional Electricity Companies 1990 45,182 56,221 1 At Friday 7th December 1990—Source: Financial Times. 2 Now a wholly owned subsidiary of British Petroleum. 3 Now owned by a consortium of companies. 4 Gross equity proceeds. 5 Market value at Wednesday 12th December—Source: Financial Times.