Romania talks of completing sales in 1999
Article Abstract:
A series of major privatizations has given Romania's flagging privatization programme a badly needed boost. On April 2, the authorities announced the sale of Banc Post to GE Capital and Banco Portugues de Investimento/BPI in a deal worth US$93m in cash and investment. Michael Parrott reports. Within a few months Romania has sold 35% of telecoms company Romtelecom to Greece's OTE, 65% of oil refinery Petromidia to Turkey's Akmaya, 73% of aviation company Romaero Baneasa to UK group Britten Norman, 51% of Banco Romana pentru Dezvoltare (BRD) to France's Societe Generale, 45% of Banc Post to GE Capital and Portugal's Banco Portugues de Investimento, and France's Renault is expected to buy 51% of Dacia. There is now even talk of almost completing the country's privatization by the end of next year.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Thailand completes first bank privatization
Article Abstract:
The sale of Nakomthon Bank Ltd of Thailand to Britain's Standard Chartered Bank PLC, which is Thailand's first completed privatization of a bank, is discussed in detail.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Bulgaria carries out first banking sale. Mozambique completes sales in banking sector. French banking shake-up follows Air France success
- Abstracts: March of technology. Region struggles in global telecom race: rapid advances elsewhere highlight the increasing need for innovation
- Abstracts: Banking's biggest disaster. First and worst: South Korean banks. Credit crunch: another bailout of Credit Lyonnais will undermine Europe's fight against market-crippling state aids
- Abstracts: China vows to sell off state enterprises. China equity powers ahead. China seeks first port H-share