Messy Path to Privatization for New Zealand Power Company
Opposition parties and the Maori Council are among those who oppose the partial privatization of Mighty River Power. Its I.P.O. is intended to be the first of several state company sales.
Greece Agrees to Sell Stake in State-Owned Betting Firm
In Greece’s first major privatization deal since the country’s debt crisis erupted three years ago, the government will sell a controlling stake in OPAP to Emma Delta.
Greece Begins Privatizations
Greece's government accepted a bid for state gambling company OPAP, marking the first significant asset sale in the country's long-delayed privatization program.
Chileans Rise Up Against Privatization of Nation's Water Supply
Major water shortages in Chile are a direct result of the free reign given to mining and logging companies by the Chilean government over the country's dwindling water supplies, more than 100 environmental, social and indigenous organizations and over 6,000 protesters warned at a rally in Santiago this week.
Blackstone Drops Dell Bid, Cites Declining PC Market
An anonymous reader writes "The Blackstone Group has notified Dell's board that it has ended its bid for the company after performing 'due diligence' on Dell's books. The private equity firm gave two reasons for its withdrawal in a letter to the special committee of the board reviewing privatization offers: the 'unprecedented 14 percent market decline in PC volume in the first quarter of 2013' and 'the rapidly eroding financial profile of Dell.' IBM's recently announced intention of withdrawing from the x86 server market may have also spooked investors. Blackstone was one of two outside bidders that emerged after founder Michael Dell and Silver Lake Partners announced a deal to take the company private for $24.4 billion. The remaining bidders did not comment on Blackstone's withdrawal; however, the Bloomberg piece notes that Dell's original deal with Silver Lake Partners contains language preventing the latter from backing out."