• National Freight Consortium shareholders have approved Sir Peter Thompson's
15th December 1988, Page 9
15th December 1988
Page 9
Page 9, 15th December 1988
— • National Freight Consortium shareholders have approved Sir Peter Thompson's
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Keywords :
National Freight Corporation, Business / Finance
plan to go for a stock market flotation early in the new year (CM 8-14 December) and to change the company's name to NFC plc. The 42,000 NFC employees and their families, who own about 83% of the company, could add to the 70-fold profits they have already made on every pound invested in the 1982 buyout. The authorised capital went up from £18 million to 222.5 million, allowing for a rights issue of up to £100 million.
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Peter Thompson