Daewoo no. 1 investor. (Daewoo Corporation and Daewoo Heavy Industries sign preliminary agreement)
Article Abstract:
Daewoo Corporation and Daewoo Heavy Industries have entered into a preliminary agreement with the Polish ministry of Industry over the privatisation of Fabryka Samochodow Osobowych (FSO), a car manufacturer. The State Treasury is to liquidate FSO and all assets and liabilities will be contributed to a company to be set up with Daewoo. Daewoo is to invest $1.12 billion in FSO during the next six years, and FSO's current level of employment will be maintained for three years.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
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New plan for Renault
Article Abstract:
The French government is planning to sell only a small part of Renault, a vehicle manufacturer, rather than all of its stake. Between 3-10% may be offered privately to core shareholders. This would remove management uncertainties about the future of the group. BNP, Matra and Elf Aquitaine, all existing shareholders, are keen to increase their stakes. There is also interest from EDF, Benetton, Credit Mutuel, AGF, Bayerische Landesbank and Union de Banques Suisses.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
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French programme glides onwards
Article Abstract:
The government in France has reduced its stake in Renault, a car maker, to 46%, following a placement of 6% of shares. New shareholders include AGF, BNP, Bayerische Landesbank, CCF, Lazard Freres and Credit National. A tender has also been published for Compagnie Generale Martime (CGM), the shipping group, and the privatisation of Caisse Natioale de Prevoyance-Assurances is being considered.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1996
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