privatization

A Visit To The Last Old Steel Mill In Chongqing

Chinese industrial overcapacity posing a major threat to global economy

Industrial overcapacity in China may have adverse impact on the domestic market and global economy. A number of new units came up owing to easily available loans and government subsidies in the world's second largest economy. A latest report calls for more radical measures including greater privatization to streamline the Chinese domestic industry.

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Sigmar Gabriel

Germany's SPD won't back down in U.S. trade talks

Germany's economy minister has promised to block any clauses in a trade deal between the European Union and the United States that go against the ideals of his center-left Social Democrats (SPD), including investor protection clauses wanted by the Americans.

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Sinopec

Sinopec sells $17.5 billion stake in retail unit to investors

Sinopec Corp will sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.

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Saudi Arabian Airlines

Saudia to privatize four more businesses

Arabian Business said in its report that businesses of the state of Saudi Arabia, including Prince Sultan Aviation Academy and Saudia Private Airline, will be privatized soon.

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New York Stock Exchange

IPOs mark the return of Hilton, Aramark to markets

The big debuts of returnees Hilton Worldwide and Aramark signaled their turnaround from firms that had been controlled by private equity firms to partially-independent companies.

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Brazil

Brazil nabs USD9.1 billion total in airport privatization deals

The government of Brazil divested its ownership stakes in two major airports to groups of multiple buyers as part of its strategy to improve the country's infrastructure in time for the World Cup.

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Royal Mail

Royal Mail selloff attracts more than 700,000 share offers

The privatization deal for Royal Mail had received a government estimated number of more than 700,000 applications for the company's shares, said a Reuters report.

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Royal Mail

UK government plans to increase Royal Mail shares to cater to small, public investors

The Guardian said the British government might increase the 30% Royal Mail share allocation it would be selling to small and public investors.

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BlackBerry

Last quarter sales take a nosedive as Blackberry continues privatization plan

BlackBerry sales continued to plunge even as the company seeks a USD 4.7 billion privatization deal.

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Greenway Medical Technologies

Vista Equity to take Greenway Medical private

Vista Equity Partners had agreed to take Greenway Medical Technologies Inc. private in a deal valued USD644 million.

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Fairfax Financial Holdings Ltd

Fairfax sets floor for BlackBerry

BlackBerry signed a tentative deal to be acquired by a consortium led by the company's biggest shareholder, Fairfax Financial Holdings Ltd.

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Camelot Information Systems logo

Camelot nears privatization by raising its buyout offer

The management of software outsourcing company Camelot Information Systems raised its buyout offer to USD98.2 million.

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New Kabul Bank logo

Afghanistan gov't looking to privatize Kabul Bank - report

The government of Afghanistan would be looking for favorable bidders for the privatization of the New Kabul Bank.

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Flag of UK

Opposition parliament members wary over UK's Royal Mail privatization

Opposition Members of the Parliament (MP) expressed their concerns over the UK government not providing enough protection for Royal as the universal postal service near privatization.

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Port of Piraeus

China COSCO Holdings expansion paves path for Piraeus privatization

A deal between China COSCO Holdings and Piraeus would pave the way for privatization of the largest port in Greece.

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