Romania talks of completing sales in 1999

Article Abstract:

A series of major privatizations has given Romania's flagging privatization programme a badly needed boost. On April 2, the authorities announced the sale of Banc Post to GE Capital and Banco Portugues de Investimento/BPI in a deal worth US$93m in cash and investment. Michael Parrott reports. Within a few months Romania has sold 35% of telecoms company Romtelecom to Greece's OTE, 65% of oil refinery Petromidia to Turkey's Akmaya, 73% of aviation company Romaero Baneasa to UK group Britten Norman, 51% of Banco Romana pentru Dezvoltare (BRD) to France's Societe Generale, 45% of Banc Post to GE Capital and Portugal's Banco Portugues de Investimento, and France's Renault is expected to buy 51% of Dacia. There is now even talk of almost completing the country's privatization by the end of next year.

Romania, General Electric Capital Corp., Banco Portugues de Investimento, Banc Post, BPI Corp.

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Thailand completes first bank privatization

Article Abstract:

The sale of Nakomthon Bank Ltd of Thailand to Britain's Standard Chartered Bank PLC, which is Thailand's first completed privatization of a bank, is discussed in detail.

United Kingdom, Thailand, Privatization, Privatization (Business), Standard Chartered Bank PLC, Nakornthon Bank Ltd.

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