The World - News from Nov. 29, 1985
The British government announced plans to sell its profitable natural gas supply system in the biggest sale ever of a state-owned industry. Analysts said the British Gas Corp. could bring $11.2 billion when its shares go on sale a year from now. The system supplies gas to 60% of homes and one-third of industry and earned a profit of $1.2 billion in 1984. Its sale is the most ambitious chapter in the drive by the Conservative government of Prime Minister Margaret Thatcher to sell off industries nationalized by past Labor Party governments.
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