§ Mr. GrocottTo ask the Secretary of State for the Environment if he will list the privatisations which his Department has promoted since 1979 indicating, in each case, the date of the sale, the proceeds of the sale, and the estimated current value of the company.
§ Sir Paul BeresfordSince 1979, my Department has promoted the following privatisations:
Sale Date of Sale Net Proceeds from Sale £ millions Shares in 10 water holding companies December 1989 15,093.7 Property Services Agency (PSA) Projects 1 December 1992 –49.9 PSA Services Building Management (BM) Scotland 1 September 1993 3.5 PSA Services BM Manchester 1 October 1993 –11.5 PSA Services North East BM 1 October 1993 8.0 PSA Services BM South East and BM South West 1 October 1993 10.4 My Department promoted the sale of the Crown Suppliers in 1990. The sale was not concluded and the organisation closed on 31 March 1991.
In addition, the Hydraulics Research Station became private research association on 1 April 1982.
Details of the current value of each holding are not a matter for my Department.
1Includes the sale of Welsh Water by the Secretary of State for Wales.