Israeli sales continue despite delays for El Al

Article Abstract:

It seems likely that Israel will continue with its privatization programme, even though some difficulties have been encountered. It is reported that there is strong interest in the sale of Israel Foreign Risk Insurance Co, which is due to take place in the first half of 1999. A prospectus for the sale of a stake in Bank Leumi was due to be published on Sep 17, 1998. The Ministerial Committee on Privatisation has approved the sale of 49% of El Al Airlines, but this will probably not take place until towards the middle of 1999 at the earliest.

Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Israel, Insurance industry, Economic policy, Bank Leumi le-Israel B.M., El Al Israel Airlines, Israel Foreign Trade Risks Insurance Corporation Ltd.

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Air France minority stake to float

Article Abstract:

The French government will have to balance the opening up of Air France's capital against the need to create strategic alliances as it considers how large a stake to sell in the company. It is possible that it will sell a total of between 35% and 40%, with 30% being sold initially. There are also plans to issue a prospectus for the privatization of CIC, the banking subsidiary of insurance concern GAN, before the end of Nov 1997.

Securities, Credit Industriel et Commercial, Air France KLM S.A.

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New privatisation plan for Polish banks approved

Article Abstract:

Polish state-owned banks Powszechny Bank Gospodarczy, Bank Polska Kasa Opieki, Bank Depozytowo-Kredytowy and Pomorski Bank Kredytowy are set to come together under a revised privatisation plan for the banking industry. They would form a single group, instead of the two groups originally planned. They are currently negotiating an agreement detailing the principles of their consolidation.

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