Colombia critic countered

Article Abstract:

Colombia's Comptroller, General David Torbay, has criticised the government for raffling state assets at ridiculously low prices during the privatization process. Ministers have defended their privatization record and say that a further round of sales are planned. Among them is state-owned mining company Carbones de Colombia, which will be sold for some $500 million, plus a 61% stake in savings and loan corporation Concasa. Other assets to be sold include stakes in banks Bancoldex and Banco Popular, and 15% of state energy distributor Interconnexion Electrica.

Corporations, Colombia

---

Bruising battle over Colombian Gas

Article Abstract:

Colombian oil company, Ecopetrol, has sold a 53.7% share in Gas Natural to a Spanish consortium made up of Gas Natural Latinoamericana (GNLA) and Iberdrola. The sale raised US$ 160 million. British Petroleum and Amoco also bid for the share, however, they dropped out of the auction after 26 hours. The top bid by GNLA was $18.50 per share, and this was only 3% higher than the next highest bid by Noram.

Public Utility Stocks, Mergers, acquisitions and divestments, Prices and rates, Stocks, Stock prices, Iberdrola, Empresa Colombiana de Petroleos S.A., Gas Natural Latinamericana

---

Argentina aims to build on airport sales

Article Abstract:

The government of Argentina is planning to sell its remaining 20% share of gas distributor Gas Natural BAN of Buenos Aires. Other Argentinian companies targeted for privatisation include mortgage bank Banco Hipotecario in July 1998; a 20.3% share in oil and gas group YPF; 30% of insurance group Caja de Ahorro; 37.16% of forest company Papel Misionero; and 5% of Aerolineas Argentinas.

Mortgage bankers and correspondents, Mortgage Bankers, Real Estate Credit, Finance, Argentina, Securities, Mortgage banks, Yacimientos Petroliferos Fiscales Bolivianos, Gas Natural BAN, Banco Hipotecario

Similar abstracts:

• Abstracts: Long-awaited award of Argentine airports. Regional airport plans. BZW advises on airports
• Abstracts: Politics in command. Asia's new arms race
• Abstracts: Uncovering strategic assumptions: understanding managers' ability to build representations
• Abstracts: Singapore joins the crowd in cooling off property sector. Chrysler stays on the sidelines. Leading Shanghai official promotes home mortgages
• Abstracts: All change at the post. Emerging firms to trade. Cutting the risk

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.