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The speculative purposes, promoting thus to their future firm To position in the share market.
The French government used often "gold share". However it
Use has prevented favourable operation on merge of Reno to Volvo in
1994 when shareholders of Volvo have refused to approve this transaction,
Conferring unlimited powers to the French authorities (the Application
Recent problems with the offer of actions in wide sale in France
Are connected with that investors had an impression that the French
The government and after privatisation will continue the constant
Intervention. It is one of the reasons, on which from sale of actions instead of
Planned 11 billion dollars it was possible to receive only 4 billion dollars. Still
One problem of the general character is relative weakness internal
The capital market in the country.
Privatisation in Italy has been begun in 1992 by government Amato on purpose
Sales of several state banks, the insurance companies,
The industrial enterprises and the large companies of utilities. Here
Three largest state organisations have entered: IRI (Industrial
Reconstruction agency), ENI (power group) and ENEL
(The electric company). Though also the previous governments sold
Some enterprises, in Italy yet there was no privatisation in such wide
The general law on privatisation has been accepted in 1992, according to which all it
Turned to the joint ventures entirely belonging to Italian
And for their sale it was not required to the Ministry of Finance of the further approval
Parliament. Till 1996 the government has received about 17 billion dollars in a kind
Receipts from sales, and the Italian authorities assume to receive 64 more
Billion dollars the next five years after will be sold the large
The companies, such as ENI and STET (the telecommunication holding company).
The government also hopes to receive 12,9 billion dollars more from sale
Bank it and the real estate belonging to it.
Privatisation main objective is repayment of a public debt and
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