THE BARINGS CRISIS : Sell-off hit
Monday 27 February 1995
The Barings fiasco comes in the middle of the international marketing of the shares and is a view that institutions will adjust their bids according to the situation in the markets.
Institutions have begun bidding for shares. However, one source close to the sale said: "A lot of the bids are market price related. You can adjust them if the market price falls." Even firm bids can be withdrawn before the Friday deadline.
Neither National Power/PowerGen would comment on the potential impact on the sale. One industry source said: "I don't think it's a show stopper but if there is a problem it is for the Treasury not the companies."
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