portugal set to privatise last third of post service
Last Updated : GMT 00:49:26
Arab Today, arab today
Arab Today, arab today

Portugal set to privatise last third of post service

Arab Today, arab today

Arab Today, arab today Portugal set to privatise last third of post service

Manuel Rodrigues
Lisbon - AFP

 The Portuguese government is to sell its remaining one-third stake in the nearly 500-year-old postal service, under conditions laid down under international bailout terms, it said on Thursday.
The government will sell its holding of 31.5 percent in the business which it floated successfully on the stock exchange in December.
The post service was one of several companies which Portugal agreed to privatise under a bailout programme agreed with the International Monetary Fund and European Union in 2011, from which it emerged in May this year.
Junior Finance Minister Manuel Rodrigues said after a cabinet meeting that the privatisation of the postal service had been a success and had given a boost to the stock market.
The sale of the rest of the state's holding would be achieved either via a syndicate of banks or by direct placement with institutional investors, he said.
The date of the sales would depend on the way the stock market evolved.
The flotation of the postal service CTT was the first on the Lisbon stock market since the listing in June 2008, just before the financial crisis occurred, of EDP Renovaveis, the wind energy subsidiary of electricity group EDP.
The privatisation of 70 percent of the post service raised 579 million euros ($788 million) for the state. During the operation, the Treasurybought some shares, raising its interest to 31.5 percent.
The sale followed the privatisation in October of the British postal service, Royal Mail.
Before floating the postal service, the Portuguese government had sold stakes in energy groups EDP and REN, and in airport management company ANA.
Those sales raised 6.4 billion euros for the public finances, exceeding the initial target for the entire privatisation programme which the IMF and EU had set at 5.5 billion euros.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

portugal set to privatise last third of post service portugal set to privatise last third of post service

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

portugal set to privatise last third of post service portugal set to privatise last third of post service

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday