Albanian government wants to sell minority stakes in formerly public-owned companies

Tirana, 29 Oct., 2008 (AENews) – Albanian government had drawn a list of minority stakes that it hold in different privatized companies, and intend to sell them in the next few months.
Government owns important stakes in Mobile Operator AMC, telecommunication giant Albtelecom, Power Distribution Utility OSSH and other, stakes that range from 12.5% to 24%. Such shares have not yielded important dividends in the past, because Albania lacked legal protection for minority shareholders.

A new law approved last year, improved legal protection for that. Prime Minister Sali Berisha declared that wants to sell all minority stakes, because of his belief on open market economy. Opposition exponents, reacted by declaring that government want to cash as much as possible from selling public properties, before general elections scheduled for the summer of 2009.

Short URL: http://www.albanianeconomy.com/news/?p=399

Posted by admin on Oct 29 2008. Filed under Economy, General News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry