Colombia critic countered
Article Abstract:
Colombia's Comptroller, General David Torbay, has criticised the government for raffling state assets at ridiculously low prices during the privatization process. Ministers have defended their privatization record and say that a further round of sales are planned. Among them is state-owned mining company Carbones de Colombia, which will be sold for some $500 million, plus a 61% stake in savings and loan corporation Concasa. Other assets to be sold include stakes in banks Bancoldex and Banco Popular, and 15% of state energy distributor Interconnexion Electrica.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
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Bruising battle over Colombian Gas
Article Abstract:
Colombian oil company, Ecopetrol, has sold a 53.7% share in Gas Natural to a Spanish consortium made up of Gas Natural Latinoamericana (GNLA) and Iberdrola. The sale raised US$ 160 million. British Petroleum and Amoco also bid for the share, however, they dropped out of the auction after 26 hours. The top bid by GNLA was $18.50 per share, and this was only 3% higher than the next highest bid by Noram.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
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Argentina aims to build on airport sales
Article Abstract:
The government of Argentina is planning to sell its remaining 20% share of gas distributor Gas Natural BAN of Buenos Aires. Other Argentinian companies targeted for privatisation include mortgage bank Banco Hipotecario in July 1998; a 20.3% share in oil and gas group YPF; 30% of insurance group Caja de Ahorro; 37.16% of forest company Papel Misionero; and 5% of Aerolineas Argentinas.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1998
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