Advertisement

BRIEFLY

October 28, 1987

Britain's Conservative government said that it hasn't decided whether to give in to pressure and withdraw its huge share sale of British Petroleum Co. PLC shares. "I hope to reach a conclusion by Thursday," Chancellor of the Exchequer Nigel Lawson told Parliament. He said he was considering pleas by bankers and brokers to withdraw the $12-billion issue because of chaos on world stock markets. The government is selling its remaining 31.5% stake in BP, and the firm is issuing new shares.

Advertisement
Los Angeles Times Articles
|
|
|