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News about Privatization
Stay current with all the latest and breaking news about Privatization, compare headlines and perspectives between news sources on stories happening today. In total, 298 stories have been published about Privatization which Ground News has aggregated in the past 3 months.
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Privatization · IslamabadThe government is set to auction 75% shares of PIA on Tuesday in Islamabad, marking a significant step towards the airline's privatisation. The successful bidder will be granted a 90-day window to purchase the remaining 25% of shares.
Sources said the potential new investor is required to commit an investment of Rs80 billion over the next five years. Of the proceeds from the sale of 75% of PIA's shares, 92.5% will be allocated to the airline for…See the Story
PIA All Set to Go Under the Hammer Today
50% Right coverage: 4 sources
Shehbaz Sharif · PakistanISLAMABAD: Three bids have been received for the privatisation of loss-making national airline Pakistan International Airlines Corporation Limited (PIACL) — the country’s most high-profile transaction of a state-owned entity. The sealed bids, submitted on Tuesday morning, came from pre-qualified bidders Lucky Cement, private airline Airblue and investment firm Arif Habib. Representatives of the bidding groups walked in one by one to deposit seal…See the Story
Three bids received for privatisation of national carrier PIA
100% Left coverage: 1 sources
Privatization · ArgentinaA few days after the expiration of financial obligations, the national executive completed a key step in the privatization of four hydroelectric dams of the Comahue by leaving the contractual stage of the process closed.The operation allowed to secure revenues greater than 700 million dollars for the Treasury and enabled the operational transfer to the companies awarded, as foreseen in the official schedule.The instance was formalized with the s…See the Story
