HC Deb 13 March 1997 vol 292 c338W
Mr. Nicholls

To ask the Secretary of State for Defence when he expects to announce the completion of the sale of the DERA support services division. [20654]

Mr. Arbuthnot

Contracts between the Defence Evaluation and Research Agency, acting on behalf of the Secretary of State for Defence, and the venture capitalist Cinven for the sale of DERA's support services division have been exchanged. Completion will take place by mid-April, subject to the conclusion of mutually satisfactory arrangements for a pension scheme for the new company.

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