The shareholders get nothing up front and have to wait for an eventual re-privatisation or liquididation to find out whether they are left with anything at all.
Privatisation of Greek gas firm DEPA fails - sources ATHENS (Reuters) - Greece failed to attract any binding bids for natural gas company DEPA, two Greek officials close to the sale said on Monday, making it unlikely the country will meet privatisation targets ...
June 10, 2013 - Reuters via Yahoo! Finance
Britain should hand RBS, Lloyds Bank shares to public - think tank By Matt Scuffham LONDON (Reuters) - Britain should hand most of its shares in Royal Bank of Scotland and Lloyds Banking Group to the public, an influential think tank said, in what would be the country's biggest ever privatisation. The government, which pumped a combined 66 billion pounds into the banks to keep them afloat during the 2008 financial crisis, wants to remove them from state control ...
June 10, 2013 - Reuters via Yahoo! News
Factbox - Britain's options for selling RBS, Lloyds Bank stakes LONDON (Reuters) - Britain should hand most of its shares in Royal Bank of Scotland and Lloyds Banking Group to the public, an influential think tank said, in what would be the country's biggest ever privatisation. Here are the government's main options: DISTRIBUTION TO TAXPAYERS Sell a minority tranche of shares to institutional investors and distribute the rest to taxpayers. ...
June 9, 2013 - Reuters via Yahoo! News
Bob Crow in Enfield & Haringey Independent RMT General Secretary Bob Crow said: "We have given TfL, and their newly-acquired subsidiary Tube Lines, plenty of opportunity to give us assurances that staff won't take the hit for the failure of the doomed privatisation project. They have failed...
Malcolm Turnbull in Sydney Morning Herald He wrote a long piece recently in which he accused the Liberal Party of free market extremism and one of the things he gave as an example of that was deregulation and privatisation,Mr Turnbull said. "The considerable wealth of the Rudd...
Peter Debnam in Sydney Morning Herald The Treasurer, Michael Costa, had "introduced an enormous weight into the saddles of the ALP on the issue of [power] privatisation", Mr Debnam said. "Both Morris Iemma and I reassured the community power wouldn't be privatised [at the last...