Privatisation - separate land sales
Privatisation - separate land sales
- 1992
- Independent 20 February 1992, 24(1) .
Future privatisation policy will ensure that surplus assets and land belonging to the company will be valued and sold separately following a reply by the Treasury to a House of Commons Public Accounts Committee reporting on the £150m sale of Rover to British Aerospace. Where this is not possible, clawback provisions will be written into share agreements. This change of policy could have important implications for the proposed sale of British Coal and British Rail.
ASSET VALUATION
CLAWBACK PROVISONS
GOVERNMENT POLICY
PRIVATISATION
HM TREASURY
Future privatisation policy will ensure that surplus assets and land belonging to the company will be valued and sold separately following a reply by the Treasury to a House of Commons Public Accounts Committee reporting on the £150m sale of Rover to British Aerospace. Where this is not possible, clawback provisions will be written into share agreements. This change of policy could have important implications for the proposed sale of British Coal and British Rail.
ASSET VALUATION
CLAWBACK PROVISONS
GOVERNMENT POLICY
PRIVATISATION
HM TREASURY