je.st

Home › stateowned

Tag: stateowned

NYC's Historic Plaza Hotel Is Sold to Qatari State-Owned Company

2018-07-05 18:28:25| National Real Estate Investor

Katara Hospitality acquired 100 percent of the property from its majority owner, Sahara India Pariwar.

South Africa mulls state-owned airlines merger, seek minority equity partner

2016-02-24 14:17:09| Airlines - Topix.net

Feb 24 South Africa will explore merging two of its state-owned airlines, South African Airways and SA Express, and seek a minority equity partner for the company, Finance Minister Pravin Gordhan said on Wednesday. Many of South Africa's 300-odd state entities are a drain on the government's purse and a team commissioned by President Jacob Zuma to review the companies recommended that some companies should be sold.

Tags: south partner africa south africa

Telekom Srbija to stay state-owned

2015-12-14 10:14:00| Telecompaper Headlines

(Telecompaper) The Serbian government has reached an unanimous decision not to sell the majority stake in operator Telekom Srbija. According to Serbian Prime Minister Aleksandar Vucic, the prices received in the latest auction were not satisfactory, so the plan now is to reorganise the company, including the introduction of professional management, to make it more competitive on the market. Vucic expressed hope that in four years Telekom Srbija would improve its results so that it would be worth more. He added that the highest bid came from a US investment fund and that it was close to the asking price. Vucic also said that the sale of a minority stake is also being considered, but did not want to disclose any further details.

Tags: stay telekom srbija stateowned

UPDATE 1-India's state-owned LIC buys 86 pct of Indian Oil shares on offer

2015-08-27 00:19:52| Steel - Topix.net

State-owned Life Insurance Corporation of India bought 86 percent of shares on offer in state-run Indian Oil Corp this week, salvaging a $1.4 billion government sale as the Indian market took its biggest tumble in more than six years. LIC, India's biggest investor, has in the past dug into its pockets to prop up government sales, buying up state banks and government mining firms.

Tags: on offer update oil