Written question asked by Michael Fallon (Conservative) on Thursday, 20 May 1999, in the House of Commons. It was due for an answer on Tuesday, 25 May 1999. It was answered by Ian McCartney (Labour) on Tuesday, 25 May 1999 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, if he will list the commercial acquisitions made by the Post Office since 1st November 1998, giving the approximate value of each acquisition and the date in which approval was given. - Inc figures.

Answer: Mr. Fallon: To ask the Secretary of State for Trade and Industry if he will list the commercial acquisitions made by the Post Office since 1 November 1998, giving the approximate value of each acquisition and the date in which approval was given. [85345] Mr. Ian McCartney: The commercial acquisitions made by the Post Office since 1 November 1998 are as follows: Germany: German Parcel--acquisition cost around £300 million Der Kurier--acquisition cost less than £10 million Austria: Delacher--acquisition cost less than £3 million. Government approval for the German Parcel acquisition was given to the Post Office on 19 December 1998. The other deals fell within permitted borrowing limits for smaller development investments which are notified to Government but do not require specific approval. Fuller details of the arrangements will be set out in the forthcoming White Paper.

Secondary information