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The acquisition by the Bank of England of the stock in British Petroleum Ltd, pledged to the Bank, but owned by the Burmah Oil Company Ltd, in January 1975.
27 May 2005
Request: I shall be grateful if you will supply me the detail of the communications between the Bank and HM Treasury before the Treasury decided that the Bank should acquire Burmah's BP stock on an outright basis, including the method of determining the price of the stock.
Disclosures:
- Part one of papers, correspondence and meetings Jan 1975 concerning the arrangements for acquisition of stock in British Petroleum. (677Kb)
- Part to of papers, correspondence and meetings Jan 1975 concerning the arrangements for acquisition of stock in British Petroleum. (565Kb)
- Part three of papers, correspondence and meetings Jan 1975 concerning the arrangements for acquisition of stock in British Petroleum. (686Kb)
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