To ask the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, how much the Government sold its shares in MyCSP for; and what the current value is of MyCSP.
Answered on
9 June 2021
When MyCSP was created as a mutual joint venture in 2012, the Cabinet Office owned 35%, Equiniti 40% and an Employee Benefit Trust 25%.
In 2014, the Cabinet Office sold 11% of MyCSP to Equiniti for £8 million.
In 2018, the Cabinet Office sold its remaining 24% stake to Equiniti for £8 million.
As the Cabinet Office no longer has a stake in MyCSP, we do not have a valuation of it.
Answered by
Cabinet Office