France pushes on against the odds
Article Abstract:
A combined offer and capital increase in life insurance concern Caisse Nationale de Prevoyance is one of a number of privatization deals planned in France, despite instability on financial markets. This deal will involve the sale of at least 17.5 million state shares, with a further strategic sale and capital increase cutting the state's direct holding from 42.48% to 1%. France Telecom also plans to go ahead with the second stage of its privatization on schedule in Oct 1998, even though its share price has declined.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1998
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Indonesia plantation pips investor interest
Article Abstract:
Indonesia is proceeding with the sale of plantation firm Perkebunan-Nusantara IV (PTPN IV), whose assets include 128,000 hectares of palm-oil plantations in North Sumatra, 7,800 hectares of cocoa plantations and 8,000 hectares of teak trees. Advisors dealing with prospective investors reports that interest remains despite civil unrest and an economic recession because PTPN IV is perceived as a blue-chip firm.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1999
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