Venezuela plans stock sale in break from socialist model

Summary by Ground News

Venezuelan government announces plan to sell off state-owned companies. The move could be a first step toward returning control of the companies to private hands. The government has not said how much it will pay for the sale of the state-run companies. It has also not said when the sale will take place.

Venezuela plans stock sale in break from socialist model

8 days ago·C C S, Venezuela, Bolivarian Republic of

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CTV News

Venezuela plans stock sale in break from socialist model

In a break from its socialist model, Venezuela's government plans to open for private investment a number of state-owned companies in vital sectors as it seeks to address a need for capital for severely underinvested businesses. Scant details on the move are fueling doubts.

9 days ago·Toronto, Canada

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The Independent

Venezuela plans stock sale of state-owned companies

In a break from its socialist model, Venezuela’s government plans to open for private investment a number of state-owned companies in vital sectors as it seeks to address a need for capital for severely underinvested businesses

9 days ago·London, United Kingdom

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Washington Times

Venezuela plans stock sale in break from socialist model

Venezuela’s government is seeking private investors to pump funds into vital but crippled state-run companies, decades after seizing them in the name of socialism.

9 days ago·Washington, United States

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abc News

Venezuela plans stock sale in break from socialist model

Venezuela’s government is seeking private investors to pump funds into vital but crippled state-run companies, decades after seizing them in the name of socialism

8 days ago·United States

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Associated Press News

Venezuela plans stock sale in break from socialist model

CARACAS, Venezuela (AP) — Venezuela’s government is seeking private investors to pump funds into vital but crippled state-run companies, decades after seizing them in the name of socialism. The government on Monday intends to offer 5% to 10% stakes in companies ranging from telephone and internet service providers to a petrochemical producer.

9 days ago·United States

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KVIA

Venezuela plans stock sale in break from socialist model

By REGINA GARCIA CANO Associated PressCARACAS, Venezuela (AP) — In a break from its socialist model, Venezuela’s government plans to open for private investment a number of state-owned companies in vital sectors as it seeks to address a need for capital for severely underinvested businesses. Scant details on the move are fueling doubts. The government intends to sell between 5% and 10% of shares in various companies, some of which were nationali…

9 days ago

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