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Home > Privatization Alert - March 2008
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Privatization Alert - March 2008
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Focus: World Bank - Privatization Reached New Heights
According to the most recent data in the World Bank Group's Privatization Database, privatization transactions carried out by 48 developing countries reached a record US$105 billion in 2006. That figure includes two initial public offerings (IPOs) in China – the Industrial and Commercial Bank of China (for US$22 billion) and the Bank of China (for US$ 13.7 billion). China was the top privatizer in that year with 17 IPOs, followed by Russia and Turkey. Eastern Europe-Central Asia was the leading region by value of privatization transactions, followed by East Asia. Led by Egypt, the value of privatization transactions in the Middle East and North Africa nearly tripled in 2006. In Latin America, privatization rebounded after consistent declines throughout this decade, with recent surges in privatization activity in Mexico, Colombia and Brazil. While several countries continue to privatize in Sub-Saharan Africa, the value of such transactions declined in 2006. The same happened in South Asia, despite an increase in privatization activity in India.
Status and upcoming transactions
Europe and Central Asia: Turkey is privatizing the ports of Bandirma and Samsun. Albania is planning to privatize the distribution branch of its power utility company and its oil refinery plant in the context of the latest round of privatizations this year. Pending ratification by the Parliament, Bosnia-Herzegovina has decided to proceed with the sale of BH Telecom in which it owns a 90 percent stake, and expect the process to be completed by the end of 2008. The government has cancelled or postponed indefinitely the sale of other assets slated earlier for privatization. Montenegro has posted several privatization opportunities in tourism and hotel properties. Serbia is proceeding with the sale of various state-owned enterprises through auctions scheduled for April 2008. Kyrgystan is waiting for the government's approval of the planned sale of Kyrgyzgaz and Kyrgyzneftegaz in the oil and gas sector. Russia has extended the deadline for offers for the sale of the government's stake in RAO Unified Energy System to April 7, 2008.
>> Complete list of regional project opportunities
>> Detailed country analysis by region
Middle East and North Africa: Egypt continues the process of privatizing state owned assets, with the sale by auction of its second fixed-line phone license this year. From the onset of its privatization program at end-December 1987 until end-January 2008, Tunisia had privatized or restructured 209 enterprises with total revenue proceeds of 5,700 million Tunisian Dinars.
>> Complete list of regional project opportunities
>> Detailed country analysis by region
East and South East Asia: Korea is planning a wave of privatizations that include the Korea Development Bank, Woori Financial Group and the Industrial Bank of Korea.
>> Complete list of regional project opportunities
>> Detailed country analysis by region
South Asia: Pakistan has approved the divestment of the government's share in the SME Bank. The country received US$2 billion in proceeds from privatization in FY 2006-07.
>> Complete list of regional project opportunities
>> Detailed country analysis by region
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