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NBC advisers
Page 23
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TRANSPORT Secretary Nicholas Ridley, is considering the appointment of advisers to assist with the proposed reorganisation and privatisation of the National Bus Company.
The Government wants privatisation to include the preparation of NBC's local companies to compete fairly with each other and with other operators on deregulation of the bus industry.
The main objective will be to promote sustained and fair competition between both NBC operating companies and those companies and others; the duties are to have regard to the net value to be secured from disposals and to give employees opportunity to gain control of the operations for which they work.
It also wants advice on particular issues arising from the privatisation of NBC's operations and the dissolution of the company, including future arrangements for pensions of current and former employees and for the disposal of leases and other assets held by NBC or its subsidiaries.
Merchant bank and other financial advisers interested in being considered for this appointment should notify the Department of Transport.