Western Europe Public Offer: France Telecom
Article Abstract:
The French government has sold a second tranche of shares in its France Telecom carrier, achieving its goal of maintaining high retail interest and raising nearly US$10.2 billion through sale of both primary and secondary shares. About 100 million shares were snapped up by three million private investors. There were three phases in the secondary share offer: a public offering of France Telecom shares, a 5 percent capital increase and a share swap with Deutsche Telekom. The telco has the largest capitalization on the Paris Bourse and is currently focused on international development. Its aggressive stance in meeting the introduction of competition to the marketplace has won praise.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1999
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Deutsche Telekom's secondary offer launched
Article Abstract:
Deutsche Telekom of Germany will make its second share offering of up to 286.3m new shares this month, increasing its capital by about 10% and decreasing the German government's holding to under 66%. Half of the shares are expected to go to international institutional investors, and the company hopes that the other half will go to retail investors in the 11 euro-zone countries.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1999
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Privatisation comes of age
Article Abstract:
Although the privatisation of the UK was greatly opposed, even by Thatcher in the 70s, is has been fully implemented.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1998
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