	u k to sell off remaining pct stake in bp the british conservative government said it would sell off its remaining pct shareholding in british petroleum co plc bp l during the next financial year which starts on april treasury financial secretary norman lamont made the announcement to parliament he said the government s policy is to sell its minority holdings in companies as and when circumstances permit as part of this policy i am now able to announce that subject to market conditions the government will sell its remaining shares in bp during the financial year the last sale of british government shares in bp was in september the government currently holds some mln ordinary shares in the company lamont said the treasury would appoint financial advisers for the sale merchant banks and stockbrokers interested in being considered for this would be interviewed in early april in september the u k government sold mln shares in an underwritten offer for sale by tender the striking price then was pence pct above the minimum tender price a treasury spokesman said he said the sale of bp shares would not cut across the government s plans to privatise rolls royce in either april or may or the sale of baa plc the british airports authority which is slated for privatisation in either june or july reuter 
