Brisa maintains its steady course as privatization efforts gather speed
Article Abstract:
Brisa Auto-Estradas de Portugal, a national toll-road operator in Portugal, is expected to undergo second phase of privatization to take advantage of the company's strong stock performance. The Portuguese government said it intends to sell up to 31% of Brisa Auto-Estradas, or a total of 18.6 million shares. The sale, which will be offered to both institutional and retail investors, will reduce the government's stake in Brisa Auto-Estradas to only 34%. The company has been seeing stock surge despite the unstable equities markets because its performance depends largely on domestic economic factors.
Comment:
Is expected to undergo second phase of privatization to take advantage of the company's strong stock performance
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Brisa A-E privatization rolls along
Article Abstract:
Brisa Auto-Estradas de Portugal SA's (Brisa A-E) government-owned shareholdings has been reduced to only 36.8% with sale of 16.6 million stocks to the open market. The divestiture of the shares, representing 28.2% of the highway operator, was able to generate a total of 136.3 billion escudos ($794.5 million) for the Portuguese government. Brisa A-E's shares, which are being sold to effect the company's transition into a privately-owned business concern, were acquired by both domestic and international institutions and local retail investors.
Comment:
Its government-owned shareholdings has been reduced to only 36.8% with the sale of 16.6 mil stocks to the open market
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Brisa is on the road to further growth
Article Abstract:
Brisa SA is headed towards greater growth in the future, as the company has seen its share value increase during the 2000 year. Brisa's stock increased 25% in 2000, and has risen 9% as of March 2001.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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