Endesa powers up for sale of 30% government stake
Article Abstract:
Endesa S.A., Spain's largest electric utility, is courting retail investors with an $8 billion public share offering. The offering, which is scheduled to be launched on May 18, 1998, will set aside between 75% and 85% of the shares for retail investors. To make it even more attractive, retail investors will be entitled to a 3% discount on the final sale price and an additional 3% discount if they do not sell the shares for six months. The offering will sell a 30% stake in the utility, making it Spain's biggest privatization effort.
Comment:
Is courting retail investors with an $8 billion public share offering
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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U.S. toils to get European help on Middle East: Germany may back vision for reshaping the region; NATO will play key role
Article Abstract:
The administration of U.S president George Bush is driving hard to procure international backing to its ambitious plans for remaking the Middle East. It is presumed that Germany may support the Bush administration in his vision for reshaping the region, with NATO playing a key role.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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