AEA Technology, the successor to the UK Atomic Energy Authority, was sold off
too cheaply when it was privatised in 1996 for £228 million, the National
Audit Office says in a highly critical report released last week. The Department
of Trade and Industry should have tested demand for shares at a wider range of
prices, the report says, and the methodology used by financial advisers to value
the company should have been independently reviewed. “A 10 pence increase in the
sale price of shares might have raised an extra £8 million of proceeds,”
says the report.
More from Â鶹´«Ã½
Explore the latest news, articles and features
Popular articles
Trending Â鶹´«Ã½ articles
1
Exclusive report: Inside Chernobyl, 40 years after nuclear disaster
2
How to spot the Lyrid meteor shower tonight
3
Electric vehicle owners could earn thousands by supporting power grid
4
The rise, the fall and the rebound of cyclic cosmology
5
From autism to migraines, birth order may have wide-reaching effects
6
The biggest threat to Chernobyl is no longer radiation
7
The man who crawls into the perilous heart of the Chernobyl reactor
8
Our dreams become more emotive and symbolic as we approach death
9
Chimpanzee group's violent rupture hints at evolutionary roots of war
10
Neanderthal infants were enormous compared with modern humans
