France pushes on against the odds

Article Abstract:

A combined offer and capital increase in life insurance concern Caisse Nationale de Prevoyance is one of a number of privatization deals planned in France, despite instability on financial markets. This deal will involve the sale of at least 17.5 million state shares, with a further strategic sale and capital increase cutting the state's direct holding from 42.48% to 1%. France Telecom also plans to go ahead with the second stage of its privatization on schedule in Oct 1998, even though its share price has declined.

COMMUNICATION, Communications, Broadcasting and Telecommunications, Life Insurance, Direct Life Insurance Carriers, Telecommunications services industry, Telecommunications industry, Insurance industry, Life insurance industry, France Telecom S.A., Caisse Nationale de Prevoyance

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Indonesia plantation pips investor interest

Article Abstract:

Indonesia is proceeding with the sale of plantation firm Perkebunan-Nusantara IV (PTPN IV), whose assets include 128,000 hectares of palm-oil plantations in North Sumatra, 7,800 hectares of cocoa plantations and 8,000 hectares of teak trees. Advisors dealing with prospective investors reports that interest remains despite civil unrest and an economic recession because PTPN IV is perceived as a blue-chip firm.

Government domestic functions, Indonesia, Vegetable oil mills, not elsewhere classified, Other Oilseed Processing, Palm Oil, Mergers, acquisitions and divestments, Plantations, Fats and oils industry, Oils and fats industry, Perkebunan-Nusantara IV

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