Cerberus Capital Management: Purchase of Distressed Assets

Part of the debate – in Westminster Hall at 5:43 pm on 22nd February 2017.

Alert me about debates like this

Photo of George Kerevan George Kerevan Scottish National Party, East Lothian 5:43 pm, 22nd February 2017

I thank all Members who have taken part in the debate, and I thank your good self, Mr Owen, for ensuring that the debate was in order.

I know that the Minister has tried to be helpful, within his brief, but the point still stands that Cerberus uses a tax model across all its purchases that is not beneficial to the Treasury. We will continue to press on this matter in the days to come.

Question put and agreed to.

Resolved,

That this House
has considered the purchase of distressed assets by Cerberus Capital Management.

Sitting adjourned.