IFC assets to go
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L THE ASSETS of the National Freight Corpoion will be transferred to a company formed cifically for that purpose, announced Transport lister Norman Fowler in the Commons last AL All shares in the company would be held ially by the Minister or his nominee on behalf of public.
'he Department's overall objective was to sell a itrolling interest in the company to private estors as quickly as possible. They had decided to sell off individual Corporation subsidiaries he highest bidder.
tIr Fowler said he could give no guarantee on future of the Corporation after it went into the rate sector. Its prosperity and future had to end to a large extent upon its success after ting day. The Department believed it would ure the best possible future for the Corporation.