Date lodged: 6 December 2018
To ask the Scottish Government how many shares it has in Burntisland Fabrications Limited (Bi-Fab) and what their market value is.
Answered by: Derek Mackay 19 December 2018
The Scottish Government currently holds a 28% shareholding in BiFab which, under the agreed facility, could rise to a maximum of 38%. BiFab shares are not actively traded in any financial markets. The Scottish Government is committed to supporting BiFab re-establish itself in the fabrication industry. We have committed to respecting commercial confidentiality in order to afford BiFab the best opportunity to be successful in ongoing competitive procurement exercises. Details of the Scottish Government shareholding will be disclosed in the Scottish Government annual accounts for the 2018-19 financial year.