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Type
House
Session
Year
Department
Member
Primary member
Answering member
Legislative stage
Legislation
Subject
Publisher
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.
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.
Asked by
Michael Fallon
(Conservative)
Answered by
Ian McCartney
(Labour)
Answering body
Department of Trade and Industry
Type
Written questions
Status
Answered
Tabled on
20 May 1999
For answer on
25 May 1999
Answered on
25 May 1999
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.
Subjects
Post Office; Sales; Takeovers; German Parcel; Delacher; Kurier
Date
25 May 1999
Reference
332 c110W; 85345
House
House of Commons