Excerpt:
Early years
In 2001, when Defence Minister Lewis Moonie announced the creation of Qinetiq, he said that it would remain a British company based in the UK. The MoD would keep a 'Special Share' in the company, and safeguards would be in place to prevent conflicts of interest. In February 2003, the U.S. private equity firm the Carlyle Group acquired a 33.8% share in the company for £42m. Prior to stock market flotation, ownership was split between the MoD (56%), Carlyle Group (31%) and staff (13%). The Carlyle Group was expected to invest for three to five years, after which a stock exchange float would take place.[3]
http://www.sourcewatch.org/index.php?title=Centre_for_European_Reform
Excerpt:
Contact details
Centre for European Reform29 Tufton Street
London, SW1P 3QL
Phone: 44 (0)20 7233 1199
Fax: 44 (0)20 7233 1117
Web:http://www.cer.org.uk/
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