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671901

	registered interest
	date	11/01/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Green Investment Bank
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they will include a provision in the sale agreement of the Green Investment Bank to require a clawback of all, or a significant part, of any disposal proceeds, and whether they intend to publish at the time of the sale the scale of such disposals they anticipate.
	tabling member printed	Lord Myners
	uin	HL4570
	answer	answer is ministerial correction date of answer 23/01/2017 answer text <p>Details of the sale negotiations are commercially confidential.</p><p>Government will provide a full report to Parliament once a sale is completed which will set out the details of the sale and how our objectives (including value for money) were met.</p> answering member printed Lord Prior of Brampton question first answered 23/01/2017 12:20:57 answering member 127 label Biography information for Lord Prior of Brampton
	tabling member	3869 label Biography information for Lord Myners

671902

	registered interest
	date	11/01/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Green Investment Bank
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government who will advise them on the acceptability of the proceeds to be achieved by the sale of the Green Investment Bank; and what is the process by which the Secretary of State will establish his view on value after receiving this advice.
	tabling member printed	Lord Myners
	uin	HL4571
	answer	answer is ministerial correction date of answer 23/01/2017 answer text <p>The sale of the Green Investment Bank (GIB) is being led by UK Government Investments, with advice from Bank of America Merrill Lynch and Herbert Smith Freehills. GIB and their advisors (UBS and Slaughter and May) are also providing significant and closely coordinated support.</p><p>The Government is following the National Audit Office’s recommendations on asset sales in carrying out the sale of shares in GIB, as set out in the document “Green Investment Bank: sale of shares” laid before Parliament on 3 March 2016.</p> answering member printed Lord Prior of Brampton question first answered 23/01/2017 12:19:53 answering member 127 label Biography information for Lord Prior of Brampton
	tabling member	3869 label Biography information for Lord Myners