Written question asked by Helen Jones (Labour) on Tuesday, 16 January 2007, in the House of Commons. It was due for an answer on Thursday, 18 January 2007. It was answered by Malcolm Wicks (Labour) on Tuesday, 23 January 2007 on behalf of the Department of Trade and Industry.
Westinghouse Engineering
- Question
- To ask the Secretary of State for Trade and Industry, what steps were taken to estimate the market value of Westinghouse Engineering before its sale in 2006; and who advised the Government on the sale.
- Answer
-
BNFL’s advisors N. M. Rothschild presented a detailed valuation of Westinghouse for the BNFL Board to consider at its monthly Board meeting on 26 May 2005. As part of its responsibility for the BNFL shareholding, the Shareholder Executive handled the sale on behalf of Government. The Shareholder Executive has in-house investment banking and accountancy expertise to handle transactions of this type but the team also used Deloitte for strategic investment advice and had direct access to N. M. Rothschilds throughout.
Secondary information
- Type
- Written question
- Reference
- 455 c1618W; 116997
- Session
- 2006-07
- Related items
- Subjects
- Westinghouse
- Link
- View this Written question on www.publications.parliament.uk
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- Timestamp
- 2025-08-18 10:39:11 +0100
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