Rome endorses dairy and ACEA sales

Article Abstract:

The citizens of Rome, Italy, were invited to vote on proposals to privatise the Centrale del Latte by turning it into a joint stock corporation, and also on privatising the electricity and water utility, ACEA. These proposals had been vigorously opposed by the right wing and neo-fascist parties in Italy, but of the 35% of the electorate who voted, one quarter voted in favour of the proposals. Four companies have put in offers for the Centrale del Latte and the successful bid will be announced in early July 1997. The company will own a 75% stake in the dairy.

Water Supply and Irrigation Systems, Dairy Products, Dairy Product Manufacturing, Water supply, Water Utilities, Italy, Planning, Economic policy, Dairy industry, Dairy products industry, Rome, Italy, Referendum, Referendums, Centrale del Latte

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Dominican power sale under way

Article Abstract:

The Dominican Electricity Corp. privatization is scheduled to be completed by July, after three attempts in the past 10 months. Union Fenosa Desarrollo y Accion Exteriores (Ufacex) of Spain won the bid for the north-south distribution network, with an offer of US$211.9m; and AES Distribution Dominicana, a subsidiary of AES of the US, won the bid for the east of the country with its US$109.3m offer.

Organizational history, Electric Power Generating, Electric Power Generation, Dominican Republic, Mergers, acquisitions and divestments, Dominican Electricity Corp., Union Fenosa Desarrollo y Accion Exteriores, AES Distribution Dominicana

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