Russian aluminium sale

Article Abstract:

Russia is to sell 8.85% the country's fourth-largest aluminium plant, Sayansk Aluminium, in a special cash auction. The Federal Stock Corp, the sale co-ordinator, and the Russian Federal Property Fund, the official seller, said bids would be accepted from February 26 to March 24 for 1.06m ordinary shares with a Rbs0.25 face value each at a starting price of Rbs140 per share.

Russia, Primary aluminum, Aluminum, Primary Aluminum Production, Mergers, acquisitions and divestments, Aluminum industry, Aluminum products, Sayansk Aluminum

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Heroes and Villains

Article Abstract:

Several individuals have been responsible for privatization programs throughout the world. Bulgarian Deputy Prime Minister Alexander Boshkov introduced a privatization program in 1992 that has not resulted in much action throughout 1998. Brazil Pres Fernando Henrique Cardoso has worked hard to re-initiate his country's privatization program during difficult economic times.

World, International aspects, Privatization, Privatization (Business)

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Bulgaria lowers expectations

Article Abstract:

Bulgaria expects revenues from privatization to be lower in 1999 due to the global economic crisis. The lack of monetary and credit resources and the lack of excellent companies are a concern for the Privatization Agency. The most difficult companies are the bulk of the remaining companies that are available for privatization.

International economic relations, Bulgaria, Economic aspects

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