Venezuela mulls privatization of 49% stake in Pequiven

04-Nov-05
Government legislators at the National Assembly (AN) in Venezuela are supporting a Bill to privatize a 49% minority stake in the state-owned Pequiven. A second reading of the Bill that is scheduled for this week, faces two obstacles. Firstly much investor interest has not surfaced in response to 8 years of tentative feelers that Pequiven could be put up for sale. The second question is the timing of the bill which clashes with elections barely a month's time.
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