Although admitting in the States that his remit is purely to explore a sale from a shareholder’s perspective – and the States owns all of the company’s shares – Senator Terry Le Sueur argued that the process did not deal just with the financial implications of selling JT.
He was responding to a question posed by Deputy Roy Le Hérissier, who asked whether the Senator had explored all the ‘economic, social and strategic implications’ of selling the firm.
Senator Le Sueur said he had, although ‘perhaps not in the detail the Deputy wants’.
He then argued that the decision to sell would be made by the States as a whole, and Members would have additional information from the Island’s competition regulator and Economic Affairs scrutiny panel, who are conducting their own reports into the sale.
