Moldova faces first international test
Article Abstract:
The European Bank for Reconstruction and Development is linking with a consortium of western concerns to manage Moldova's new Investment-Led Privatisation Programme. Until now, privatisations in Moldova have been mainly undertaken through a voucher scheme, but emphasis will now be placed on cash sales to western partners. The new privatisation programme, which will start with the sale of 60% stakes in five large companies, is planned to run until Nov 1997, but could be extended by a further year.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
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Portugal raises $2.3bn in record offer
Article Abstract:
Portugal sold a 30% stake of Electricidade de Portugal, with an initial share price of Esc2,250 and raised Esc391 billion. Almost 180 million shares were sold, 99,788,000 of them as part of the Portuguese Retail Offering and 80,172,000 in the Portuguese Institutional Offering. The Retail Offering was oversubscribed 37 times, and the Institutional Offering was 30 times subscribed and many companies did not get the share allocations they wanted.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
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Egyptian plans for first international offer
Article Abstract:
The privatisation programme in Egypt is developing rapidly, with Southern Cairo Flour Mills increasing its offer of shares, and the government expected to raise its offer of shares in Egyptian Starch and Glucose. Also Commercial International Bank (CIB) will make offerings in London to raise $80-100 million, through the 42.6% holding of National Bank of Egypt.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1996
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