Last year the scale of global privatization transactions halved year-on-year
The pace of privatization of the world has slowed down significantly. The face of market volatility and the uncertain political situation, the sale of assets to the number of postponed or canceled, a new record.
KPMG (KPMG) and in Milan, research institutions Eni Enrico Mate Yi Foundation (Fondazione Eni Enrico Mattei) cooperation in research projects Privatisation Barometer data show that, despite the world’s governments continue to state-owned enterprises (from the airport to grid) up for sale, but the real number of transactions completed last year less than half in 2010.
The study found that the 2011 privatization of the gross proceeds fell to $ 94.4 billion less than the historical record of $ 213.6 billion set in 2010 by more than half.http://schen16.blogspot.com/
$ 94.4 billion transaction, including the sale of state-owned shares of those banks and insurance companies were nationalized in the most critical moment of financial crisis.
Federal (Fed) sale price of $ 6.1 billion in May last year, held by American International Group Inc. (AIG headquarters in New York, during the financial crisis to get relief) part of the shares, the stake from 92% to 77%. This is 2011 the largest amount of a privatization transaction, the United States to become the 2011 privatization of scale ranks third countries.
$ 34.6 billion worth of assets disposal program has been postponed or canceled because of political opposition and financial restrictions forced the authorities in Italy, Greece, Egypt, Turkey and Poland reduced the privatization plan.
Spain’s state-owned gaming group Loterias y Apuerto del Estado plans to sell 30% stake in only a few days before it is executed when canceled. The plan could have become in 2011 the largest amount of a privatization transaction.http://szc168.blogspot.com/
Research Professor of Business Studies of the University of Turin (University of Turin), one of the authors of the above studies, Bernardo Bortolotti (Bernardo Bortolotti) said: “The market downturn, you can certainly begin to consider sale, but usually for, wait will be even better. ”
China regained the sale of state assets to the location of the list first, and completed 19 transactions for a total of $ 14.2 billion. After China, Australia, the United States, Russia and Ireland.
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