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MEDIA SECTOR Bids to buy Citigroup's EMI Group have been lower than expected, The Times reported.
"We are now at the stage of doing the drilling for exploration wells," the information from which will be used to attract private sector bids, he said.
Moreover this process will expose private sector bids to the public gaze, and no private company enjoys this sort of attention.
In Rye, for example, the land trust recently worked with the city to edge out private sector bids and cement a deal with the owners of Rye Nursery.
So the public bodies wishing to build new hospitals, schools, prisons and roads deliberately set the "public sector comparator" higher than the private sector bids they receive, in order to smooth the way for private money.
Hedge fund SRM, the biggest Northern Rock shareholder with an 11.5% stake, and one of the parties to the legal action, asked the Treasury for: criteria used to evaluate private sector bids for Northern Rock; information on the decision to take the bank into public ownership; and a copy of the Goldman Sachs report on financial restructuring options.
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Public sector tender bids recently became publicly available, with the REMEDIAR program updating its webpage to publicly publish bids and awards [ 31].
At the height of the controversy last month, Yousaf said ministers wanted to work up a public sector bid for the service.
Astonishingly, all the leaders of all three main political parties now officially oppose Murdoch's bid for BSkyB - a remarkable intervention in any private sector bid situation – now that the PM is backing Ed Miliband's opposition day motion against the bid.
In last month's productivity plan, the chancellor set out his ambition to make the UK the leading centre for financial innovation in the world and named her special envoy for Fintech – the branch of the technology sector bidding to revolutionise financial services, from mobile banking and money transfers to fundraising and even asset management.
To that end, Heinonen says "competitors" include government websites that provide information about public sector bidding contests, though Oppex also uses such sites as a data source.
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