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Privatization

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AIRLINE INDUSTRY INFORMATION-(C)1997-2012 M2 COMMUNICATIONS Privatised Mexican airport group Grupo Aeroportuario del Sureste (NYSE:ASR) (BMV:ASUR) (ASUR) on Monday said that the consortium formed by it and Advent International has not been awarded the...
Business Journal
Publication: M2 Best Books | Filed In: Airports and Air Transportation
M2 BEST BOOKS-(C)2000-2012 M2 COMMUNICATIONS Privatised Mexican airport group Grupo Aeroportuario del Sureste (NYSE:ASR) (BMV:ASUR) (ASUR) on Monday said that the consortium formed by it and Advent International has not been awarded the...
Business Journal
A study by Pyramid Research says that the telecom market in 2011 generated revenues of $2.4 billion, reports Elperiodico.com.gt (Jan. 6, 2012). Of the total, 69% ($1.5 billion) corresponds to the mobile phone...
Business Journal
I have followed the incident between the American Legislative Exchange Council and Occupy Santa Fe. I am astonished at the various responses out of the Legislature. The very presence of our legislators in...
Business Journal
Muscat is spending over $6.7bn to 2016/17 to raise power generation capacity from about 4,200 to over 5,500MW in 2012 and 6,400MW by 2017. The head of the General Electricity & Water Authority...
Business Journal
Publication: Business Wire | Filed In: Financial Ratings and Investment Services
SAO PAULO & RIO DE JANEIRO -- Fitch Ratings has assigned the following initial ratings to Banco do Estado do Rio Grande do Sul (Banrisul): --Foreign and Local Currency Long-Term Issuer Default Rating...
Press Release
WASHINGTON -- Davis Polk & Wardwell LLP today announced that John B. Reynolds III, a leading international trade lawyer, is joining the firm as a partner in the Washington, DC office. The arrival...
Press Release
Publication: Business Wire | Filed In: Shareholder Rights and Shareholders
SAN DIEGO -- Shareholder rights firm Robbins Umeda LLP is investigating possible breaches of fiduciary duty and other violations of the law by certain officers and directors at ChinaCast Education Corporation (NASDAQ: CAST)....
Press Release
DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/787fa9/turkey_power_repor) has announced the addition of the "Turkey Power Report Q1 2012" report to their offering. Turkey Power Report provides industry professionals and strategists, corporate analysts, power associations,...
Press Release
By Miller, Amanda | Publication: The Colorado Springs Business Journal | Filed In: Governors and Heads of State & Government
When the Colorado legislature convened this week, local organizations were already keeping an eye on possible new requirements for Realtors, regulations affecting small businesses, policy that seeks to mitigate foreclosures and the privatization...
Business Journal
DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/b63f5e/italy_pharmaceutic) has announced the addition of the "Italy Pharmaceuticals and Healthcare Report Q1 2012" report to their offering. Business Monitor International's Italy Pharmaceuticals and Healthcare Report provides industry...
Press Release
DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/be1cef/morocco_telecoms) has announced the addition of the "Morocco - Telecoms, Mobile and Broadband" report to their offering. This annual report (10th Edition) provides a comprehensive overview of trends...
Press Release
Short will bring proven industry experience to further accelerate the company's growth in the U.S. higher education sector NEWTOWN SQUARE, Pa. -- Balfour Beatty Campus Solutions, LLC, a division of Balfour Beatty Capital...
Press Release
Publication: Business Wire | Filed In: Schizophrenia and Mental Illness
ATLANTA -- Georgia Bio announced its 2012 Deals of the Year for pharmaceutical, biopharmaceutical and medical device companies in four categories - public and private financings, fast growing companies, acquisitions and SBIR grants...
Press Release
DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/994599/tunisia_telecoms) has announced the addition of the "Tunisia - Telecoms, Mobile and Broadband" report to their offering. Second 3G Mobile Broadband Service Launched: This annual report provides a...
Press Release
By Jonathan Williams | Publication: LexisNexis | Filed In: Government Controllers & Auditors and Public Finance Agencies & Treasuries
3 hours ago UK - Regulation of defined contribution (DC) schemes is to be reviewed by the National Audit Office (NAO) in an effort to ascertain whether current regulation by the Pensions Regulator...
Business Journal
Publication: Business Wire | Filed In: Shareholder Meetings and Shareholders
HONG KONG -- Yum! Brands, Inc. (NYSE: YUM) ("Yum!") is delighted to announce that the proposal for the privatization of Little Sheep Group Ltd. (HKEx: 968; "Little Sheep") by way of a scheme...
Press Release
DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/2cc27e/mali_telecoms_m) has announced the addition of the "Mali - Telecoms, Mobile and Broadband" report to their offering. Exceptional mobile growth in anticipation of third licence. This annual report...
Press Release
DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/b4a0c0/israel_key_stati) has announced the addition of the "Israel - Key Statistics, Telecommunications Market and Regulatory Overviews" report to their offering. Israel has a very competitive and dynamic telecommunications...
Press Release
By Ackbarally, Nasseem | Publication: African Business | Filed In: Divestitures and Ownership Changes
HEADNOTE Mauritius has announced state divestments from a number of companies and organisations. The aim is to generate funds and hopefully provide better facilities to the population. But, writes Nasseem Ackbarally from Port...
Business Journal

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Business Glossary

Definitions for: privatization
privatization

process of converting a publicly operated enterprise into a privately owned and operated entity. For example, many cities and states contract with private companies to run their prison facilities instead of managing them with municipal personnel. Many countries around the world have privatized formerly state-run enterprises such as banks, airlines, steel companies, utilities, phone systems, and large manufacturers. A wave of privatization swept through Russia and Eastern Europe after the fall of Communism in the 1990s, and through some Latin American countries such as Peru, as new, democratic governments were established. When a company is privatized, shares formerly owned by the government, as well as management control, are sold to the public. The theory behind privatization is that these enterprises run far more efficiently and offer better service to customers when owned by stockholders instead of the government.

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