What part does Partnerships UK play in the makeup of the eTourism Ltd. PPP?
A. Partnerships UK plc, which holds 15% of eTourism Ltd. shares is itself a PPP comprising firms such as Sun Life, Abbey, RBS etc. Formed in 2000 out of HM Treasury, it is described on the PUK website as “a joint venture that bridges the gap between the public and private sectors, with a majority stake held by the private sector.” Curiously, in 2005 PUK plc set up a wholly owned company called PUK Investments Ltd., into which in May 2005, it transferred all its shares in eTourism Ltd, for reasons not yet declared.
