Opportunities In Hungarian Privatisations

As part of its National Ownership Programme (NOP), Hungary's government announced on August 31 that it will offer shares in three state-owned enterprises to Hungarian individuals by 2009. Under the NOP, which aims to bring more household savings in to the country's capital markets, all shares offered are to be sold through the National Asset Management Company, before being listed on the Budapest Stock Exchange. Government spokesman David Daroczi confirmed that the government will sell at least a 25%-plus-one-share stake of motorway management company AAK by May 31 next year, as well as a 25%-minus-one-share stake in electricity wholesaler MVM.

To read the full article, please choose one of the following options: