Africa sets out its stall

Article Abstract:

African economies are opening their monopoly industries to the private sector and attracting investors from overseas, although equities investers will continue to be detered by poor liquidity. Hydro-Quebec International of Canada and Suez Lyonnaise des Eaux subsidiary Elyo purchased a 34% stake in power company Societe Naitonale d'Electricite from Senegal. The stake cost C$100m. Electricite de France was the losing bidder.

Asset sales & divestitures, Africa

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Italy's oil and gas giant ENI crosses Rubicon

Article Abstract:

The Italian government is to sell off some of Ente Nazionale Idrocarburieni (ENI), the energy company, with the aim of raising 10 trillion lire from an initial public offer (IPO). About 25-50% of the IPO will target domestic retail investors, with the remainder of the placement aimed at Italian and international institutional investors.

Eni S.p.A., Government ownership, Nationalization

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Deal profile: Dampier to Bunbury gas pipeline

Article Abstract:

Western Australia sold its natural gas pipeline running from Dampier to Bunbury to Epic Energy for $1.52 billion in the state's largest act of privatization yet. Privatization of the facility will allow it to develop to keep up with the rapidly growing market for natural gas in Western Australia. The sale was announced on March 3, 1998.

Australia, Natural Gas Distribution, Gas transmission and distribution, Gas Transmissn & Distributn, Pipelines, Gas industry, Natural gas, Natural gas pipelines, Epic Energy Inc.

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