Summary
THE government acted yesterday to rid itself of the rump of "golden shares" with which it was left as a result of the privatisation stampedes of the eighties and nineties.
It will redeem the special share it holds in five energy companies - National Grid Transco, Viridian Group, Phoenix Natural Gas, ScottishPower, and Scottish & Southern Energy. It will, however, retain its share in British Energy, albeit with modified powers.See the full content of this document
Extract
Government Finds Energy to Offload 'Golden Shares'
The move was an inevitable consequence of a European court ruling in May last y...
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