BABCOCK & wILCOX SALE PROGRESSES
Article Abstract:
Spain's privatization agency Sociedad Espanola de Participaciones Estatales (SEPI) is taking a fresh look at the future of its heavy equipment and engineering group Babcock & Wilcox (B&W) that it was hoping to clear from its portfolio of state assets before the summer. McDermott of the US and Germany's Steinmuller were shortlisted in May as potential buyers of B&W, but both have asked for an extension before submitting their definitive offers. Neither company has presented SEPI with a viable business plan for B&W, a pre-requisite the agency requires of all bidders for state assets. Steinmuller reportedly wants to follow the Bilbao-based company's progress at least until October in order to ascertain a more accurate estimate of its likely losses for the 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:
HK airport seeks financing
Article Abstract:
The UK and China have agreed on arrangement to help fund a new airport for Hong Kong, scheduled for completion for Apr 1998. A railroad link is also planned to be completed in Jul 1998. An agreement between the two countries was signed in Jun 1995. The agreement had to be reached before the summer recess of Hong Kong's legislative Council. Work has already begun on the airport, funded in part from government sources, though some work has not yet been paid for.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Polish cargo airport finds investor
Article Abstract:
Deutsche Aerospace will participate in the construction of a cargo airport in Krzywa, south west of Warsaw in Poland. Deutsche Aerospace already has 10% of Krzywa, the company which is managing the site and building the airport. The cargo airport will mean that Krzywa could become one of the largest European cargo centres.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Seagull Pewter takes flight. Constant Kraving
- Abstracts: Come fly with me. No pain, no gain. Landed, at last: Taiwan signs deal to build civilian jet
- Abstracts: Asia: Myanmar's mysterious boom. More repression on Myanmar. Not quite Indonesia: Myanmar
- Abstracts: Chile looks to sale of Tocopilla. Polish government underwrites IPOs. Dutch to privatise their largest pension fund