Victoria smiles all the way to the bank

Article Abstract:

Victoria's government has raised A$5.3bn through sale of its gas transmission/retail companies, and it has also sold V-line Freight to a group headed by RailAmerica. Yet to be sold are the public transportation assets and Transmission Pipelines Australia. Utiliti Corp/AMP bought Ikon Energy/Multinet for A$1.67bn and Boral/Envestra purchased Energy 21/Stratus for A$1.97bn. The sale prices represented a price/earnings multiple of 16.2.

Asset sales & divestitures, Organizational history, Electric, Gas & Water Utilities, Utilities, ELECTRIC, GAS, AND SANITARY SERVICES, Victoria, Australia, Public utilities, Gas transmission industry

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US triggers nuclear sell-off

Article Abstract:

The privatisation of United States Enrichment Corporation (USEC) has raised $3.12 billion and it marks the first government agency privatisation in the US in 10 years. The company is involved in uranium enrichment and it is currently developing a new method dubbed atomic vapour laser isotope separation (AVLIS). Separately, a 51% share of the Puerto Rico Telephone Company has been sold to GTE of the US for $1,875 billion.

All Other Basic Inorganic Chemical Manufacturing, Industrial inorganic chemicals, not elsewhere classified, Enriched Uranium, Management, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, GTE Corp., GTE, Privatization, Privatization (Business), Puerto Rico, United States Enrichment Corp., Uranium enrichment, Puerto Rico Telephone Co.

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